Multiple Choice
Which of the following is not one of the capitalization tests now applicable to both lessees and lessors?
A) Title passes to the lessee at the end of the lease term.
B) The lease contract contains a bargain purchase option.
C) The lease term is at least 75 percent of estimated useful life.
D) Lease agreement is non-cancellable for a long term.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Prior to ARB 38, the accounting procedure
Q19: ARB 43 recommended capitalization for leases that
Q20: A sale and leaseback occurs when the
Q21: One of the major arguments for lease
Q22: Under current requirements, the weak disclosures of
Q24: Which of the following is not a
Q25: It can be argued that all leases
Q26: Which of the following does not apply
Q27: Which of the following statements applies to
Q28: Leases have been the subject of more