One of the distinguishing characteristics of a direct financing lease is that
A) the lessor is normally a dealer or manufacturer.
B) the net investment in the lease is equal to the cost of the asset or carrying value of the asset.
C) the lease has two sources of earnings: interest revenue and profit or loss from the asset exchange.
D) the property related to the lease remains on the lessor's balance sheet during the term of the lease.
B
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