Multiple Choice
One of the five criteria for a finance lease specifies that the lease term be equal to or greater than:
A) the major part of the remaining economic life of the leased property.
B) the entire amount of the remaining economic life of the leased property.
C) a meaningful part of the remaining economic life of the leased property.
D) a non-insignificant part of the remaining economic life of the leased property.
Correct Answer:
Verified
Correct Answer:
Verified
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