In a capital lease, GAAP requires the lessee
A) to record the lease on its balance sheet at the present value of future lease payments.
B) to record rental revenue as each lease payment is received.
C) to not depreciate the leased asset.
D) to transfer ownership to the lessee.
Correct Answer:
Verified
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Q46: Capital leases are rental agreements for which
A)periodic
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Q49: Operating leases are treated as
A)increases in liabilities
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Q53: Investments in bonds are accounted for using
A)historical
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