In a(n) ________ a lessor owns or acquires the assets that are leased to a given lessee.
A) operating lease
B) financial lease
C) sale-leaseback arrangement
D) direct lease
D) direct lease
You might also like to view...
The main disadvantage of the direct method of reporting cash flows from operating activities is that the necessarydata are often costly to accumulate
a. True b. False Indicate whether the statement is true or false
On June 1, Brooktown levied special assessments in the amount of $500,000, payable in 10 equal annual installments beginning on June 30. The assessment installments are intended to pay principal and interest on special assessment bonds for which the town has pledged its full faith and credit should assessments be insufficient. Assuming no allowance for uncollectible receivables, the journal entry in the debt service fund on June 1 would include:
A. A debit to Assessments Receivable-Current for $500,000. B. A credit to Revenues for $500,000. C. A debit to Assessments Receivable-Current for $50,000. D. No journal entry is made in the debt service fund because special assessments are used.
A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling at par ($1,000). Which of the following statements is NOT CORRECT?
A. The bond's yield to maturity is 9%. B. The bond's current yield is 9%. C. If the bond's yield to maturity remains constant, the bond will continue to sell at par. D. The bond's current yield exceeds its capital gains yield. E. The bond's expected capital gains yield is positive.
The well-planned résumé will slightly understate the credentials of the applicant to avoid the risk of unethical embellishment
Indicate whether the statement is true or false