The Canadian Universities sell medical equipments and used the proceeds to improve its financial position. The University then leased the equipments back in order to continue to use these facilities. This is an example of:

Question

Quizplus · Accepted Answer

This is an example of a sale and leaseback arrangement, where the university sells its medical equipment to raise funds and then leases it back to continue using it. This type of arrangement is commonly used by companies and institutions to improve their financial position without losing access to the assets they need for their operations.

The Canadian Universities Sell Medical Equipments and Used the Proceeds