menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 4
  4. Exam
    Exam 22: Accounting Corrections and Error Analysis
  5. Question
    A Direct Financing Lease Is Classified in the Lessor's Balance
Solved

A Direct Financing Lease Is Classified in the Lessor's Balance

Question 175

Question 175

Multiple Choice

A direct financing lease is classified in the lessor's balance sheet as ________.


A) a liability
B) an asset
C) interest revenue
D) a contra account to lease liability

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q65: The statement of cash flows is divided

Q68: Lessees generally depreciate leased assets over the

Q103: What is a requirement for lease disclosures

Q106: In determining the present value of the

Q116: Discuss the economic advantages and disadvantages of

Q170: Machino,Inc.began operations on January 1,2014.During 2016,management decided

Q172: Income statement errors in the current year

Q174: How is net income adjusted for pension

Q177: Under the direct method,items included in the

Q180: When preparing the financing activities section of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines