Multiple Choice
Which of the following represents the legal approach to capital leases?
A) Limit capital leases to leases that are virtually conditional sales agreements with installment payments.
B) Capitalize leases where a purchase equivalent has occurred.
C) The lease treatment is the same for lessor and lessee.
D) Capitalize leases that are not true leases.
Correct Answer:
Verified
Correct Answer:
Verified
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