Under GAAP,when companies make sales using a sales type lease,they should
A) recognize the revenue related to financing the lease,servicing the leased product,and providing supplies for the leased product immediately
B) recognize revenue related to the value of the product over the life of the lease
C) recognize revenue related to the value of the product immediately
D) delay the recognition of revenue related to financing the lease,servicing the leased product,and providing supplies for the leased product over the life of the lease
E) recognize the revenue related to financing the lease,servicing the leased product,and providing supplies for the leased product over the life of the lease
F) both A and B
G) both C and D
H) both D and E
Correct Answer:
Verified
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