All of the following are benefits of leasing except:
a. They have the ability to shift the tax benefits from depreciation and other deductions from a lessee that has little or no taxable income to a lessor that has substantial taxable income.
b. They provide flexibility to change capacity as needed without having to purchase or sell assets.
c. They have the ability to reduce the risk of technological obsolescence, relative to outright ownership, by maintaining the flexibility to shift to technologically more advanced assets.
d. In an operating lease, the lessee recognizes the signing of the lease as the simultaneous acquisition of a long-term asset and the incurring of a long-term liability for lease payments.
D
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The most generalized form of flexible leadership is represented by which approach?
a. path-goal b. Hersey/Blanchard situational leadership c. Vroom/Jago contingency leadership d. none of these
Typically, which generation was born between the 1940s and 1960s and tends to own their own home, have high incomes, but can be resistant to change and differences of opinion?
a. Generation Y b. Baby Boomers c. Generation X d. Naughties
Which of the following elements usually includes subcomponents to filter, translate, store, and correct data that flows through it?
A) component B) environment C) storage D) interface
A not-for-profit (NFP) organization acting as a financial intermediary receives a contribution. Under the FASB Codification the NFP would be most likely to recognize the contribution as a liability under which of the following situations?
A. The NFP is financially interrelated with the organization on whose behalf it received the contribution. B. The NFP has a 51 percent interest in the organization on whose behalf it received the contribution. C. The NFP is acting as an agent, receiving the contribution on behalf of another organization. D. The NFP has variance power.