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    Business
  3. Study Set
    Basic Finance
  4. Exam
    Exam 27: Intermediate-Term Debt and Leasing
  5. Question
    A Financial Lease Is Similar to an Operating Lease, Since​
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A Financial Lease Is Similar to an Operating Lease, Since​

Question 3

Question 3

Multiple Choice

A financial lease is similar to an operating lease, since​


A) ​the firm owns the asset
B) ​the lease contract lacks a maintenance clause
C) ​the lessor owns the asset
D) ​the lease may not be canceled

Correct Answer:

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