From the lessor's standpoint, which of the following statements regarding leasing is false?
A) The lease provides a method of indirectly making a sale.
B) If the residual value of the asset is not guaranteed, the lessor has transferred the risks of residual value decreases to the lessee.
C) For sales-type lease agreements, the lessor earns interest in addition to profit from the transfer of the asset.
D) The accounting procedures used by a lessor for a sales-type lease are similar to the accounting procedures used for a normal sale of merchandise under a perpetual inventory system.
B
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A(n) _________________________ results when cash is paid before the related amount is reported on the income statement
Fill in the blank(s) with correct word
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A) awareness B) total C) consideration D) choice E) inept
According to Kotter, management is about seeking stability, and leadership is about seeking ______.
A. order B. change C. followers D. rewards
The Hatch Act prohibits certain political activity by:
a. healthcare providers. b. union members. c. state employees. d. federal employees.