Leasing is looked upon favorably by some consumers because it reduces their monthly and up-front payments
Indicate whether the statement is true or false
TRUE
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REA resources are those things of economic value under the control of the enterprise including physical assets and employees
Indicate whether the statement is true or false
It is recommended that each construct be measured by using at least three observed variables
Indicate whether the statement is true or false
Which of the following applies to leveraged leases?
a. Leveraged leases are a special type of operating lease involving three parties. b. The lessor acquires an asset to be leased by borrowing money from a third party. c. From a lessor’s viewpoint, this type of lease is not any different from other leases. d. The FASB concluded in SFAS No. 13 that the financing-type lease plus debt transaction analogy was adequate to report leveraged leases.
In early product liability cases, the privity limitation meant that the plaintiff was required to demonstrate that ________
A) he or she purchased the defective product directly from the manufacturer B) the seller owed a duty of care to the consumer C) the manufacturer breached a duty of care D) the damages are actual as opposed to punitive