Multiple Choice
For the lessor to recognize a lease as a sales-type lease,under SFAS No.13,the following must occur.
A) At least one of the capital lease criteria is met,at least one of the certainty criteria is met,and there is a manufacturer or dealer's profit.
B) At least one of the capital lease criteria is met,both certainty criteria are met,and there is a manufacturer or dealer's profit.
C) More than one of the capital lease criteria are met,both certainty criteria are met,and there is a manufacturer or dealer's profit.
D) Only one of the capital lease criteria is met,both certainty criteria are met,and there is a manufacturer or dealer's profit.
Correct Answer:
Verified
Correct Answer:
Verified
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