Multiple Choice
Which of the following regarding operating lease and financing lease is true?
A) Under operating leases,the lease is usually longer term,approximating the life of the asset being leased
B) Under financing leases,the lease is short-term.
C) Under operating leases,the risk of ownership lie with the lessor
D) Under financing leases,the risks of ownership lie more with the lessor
Correct Answer:
Verified
Correct Answer:
Verified
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