On the books of a lessor, a lease may be classified as either ________.
A) operating, capital, or direct-finance
B) direct-finance or sales type
C) operating, direct-finance, or sales type
D) operating, sales type or indirect-finance

Question

Quizplus · Accepted Answer

A lease on the books of a lessor can be classified as operating, direct-finance, or sales type according to accounting standards.

On the Books of a Lessor, a Lease May Be