Multiple Choice
A direct financing lease differs from a sales-type lease in that
A) the direct financing lease does not have a dealer profit, although it could have a dealer loss.
B) the direct financing lease provisions do not include a bargain purchase option.
C) the sales-type lease does not have unearned interest income at the inception of the lease.
D) the direct financing lease does not have a dealer profit or loss.
Correct Answer:
Verified
Correct Answer:
Verified
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