Multiple Choice
Which of the following is not a characteristic of a finance lease?
A) It is generally non-cancellable.
B) The lessee guarantees that the lessor will receive a specific residual value from the sale of the asset at the end of the lease term.
C) It is like a rental agreement.
D) The lessee has the right to use the leased asset.
Correct Answer:
Verified
Correct Answer:
Verified
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