Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The operating lease method treats leases as executory contracts.
b. The operating lease method does not recognize a leased asset on the lessee's balance sheet.
c. The operating lease method does not recognize a lease liability on the lessee's balance sheet.
d. Under the operating lease method, the lessor does not recognize rent revenue as the lessee uses the leased asset over time.
e. Under the operating lease method, the lessee recognizes rent expense as the lessee uses the leased asset over time.
D
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A control designed to ensure that the number of sales transactions recorded in the accounting records matches the number of sales invoices entered during processing is known as which type of control?
a. Input control. b. Processing control. c. Output control. d. Edit control.
A leadership development plan needs to include which of the following______.
A. employee personalities B. concerns C. behavior strategies D. materials
LexisNexis and Dialog are two companies that provide ________
A) primary data B) secondary data C) reality mining data D) causal research designs E) questionnaire designs
Which is correct?
a. Bridget's children are looking forward to his or her play dates. b. Bridget's children are looking forward to their play dates.