Multiple Choice
Which type of lease will NOT increase a company's assets or long-term liabilities?
A) an operating lease that is less than one year
B) a finance lease
C) a lease that contains a purchase option that the lessee is expected to exercise
D) a lease that transfers title of the leased asset to the lessee at the end of the lease term
Correct Answer:
Verified
Correct Answer:
Verified
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