In a sales-leaseback transaction
A) the sale and leaseback are treated for accounting purposes as separate transactions.
B) any profit on the sale should, in general, be deferred and amortized by the seller-lessee.
C) any loss up to the amount of the difference between undepreciated cost and fair value should be deferred and amortized by the seller-lessee.
D) any lease of land alone must be classified as an operating lease.
B
You might also like to view...
The societal marketing concept seeks to establish a balance between ________
A) customer lifetime value and customer equity B) an inside-out perspective and an outside-in perspective C) consumer short-run wants and consumer long-run welfare D) marketing mixes and market offerings E) customer-driven marketing and customer-driving marketing
Which of the following is a negotiable instrument?
A) Guarantee B) Cheque C) Promissory Note D) B and C E) A and C
A forklift has a mean time between failures of 193 hours and mean time to repair of 20 hours. In this case, the availability is ______.
a. 90.6% b. 62.3% c. 81.7% d. 97.8%
The three major types of reference groups are
A. membership, aspirational, and advocacy. B. advocacy, avoidance, and approach. C. aspirational, dissociative, and membership. D. actual, implied, and desired. E. family, peer group, and media.