The central accounting issue associated with leases is:
A) The timing of the recognition of the lease payments.
B) Whether or not the leased assets should be treated as assets of the lessee.
C) The treatment of provisions for the repairs and maintenance on leased assets.
D) The method of recording any commitment to guarantee the value of the asset at the end of the lease term.
E) All of the given answers.

Question

Quizplus · Accepted Answer

The central accounting issue with leases is determining whether leased assets should be recognized on the lessee's balance sheet, which affects financial statements and ratios.

The Central Accounting Issue Associated with Leases Is