Which of the following statements regarding leases is false?
a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a large initial outlay of cash.
b. Accounting recognizes two types of leases—operating and capital leases.
c. If a lessor classifies a lease as a capital lease, then the lessee records a lease liability on its balance sheet.
d. If a lease is classified as an operating lease, the lessee records a lease liability on its balance sheet.
d
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The LOHAS and Naturalites segments of the market for environmentally and socially responsible products together represent less than half of the American population
Indicate whether the statement is true or false
The employees at Wegners Market are threatening to strike. To counter this threat, the weapon Wegners would most likely wield is
A. the legal right to hire replacement workers. B. the legal injunction. C. the lockout. D. a work slowdown.
Most states in the United States have adopted strict product liability whereby an injured person may recover damages by showing that a defendant was negligent
a. True b. False Indicate whether the statement is true or false
The Sarbanes-Oxley Act of 2002 resulted in ________
A) tightened audit regulations and controls B) toughened penalties against overcompensated executives C) lenient penalties against executives who commit corporate fraud D) delayed disclosure of stock sales by corporate executives