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
You might also like to view...
An evoked set does not contain:
A) brands a person considers B) brands linked to a positive experience C) brands which have been previously purchased D) brands the consumer knows little about
What is qualifying? What are the basic questions that a salesperson should ask in the qualifying process?
What will be an ideal response?
Give examples of situations that might require selecting rich media. Give examples of situations that might require lean media
The production combination of 450 bags of lime and 800 bags of vinegar is not feasible because one resource is exceeded. Which resource is exceeded and how much more is needed to produce this combination?
What will be an ideal response?