The reason for "hiding" a financial lease is the hope that the lease:
A) Will go unnoticed by analysts and investors.
B) Payments can be hidden from the CRA.
C) Can be resold without the lessor knowing.
D) Term can be extended if the lessee continues to make payments such that the lessor does
not realize the lease term has expired.
E) Can be treated as an operating lease for tax purposes without the CRA realizing it is a
financial lease.
Correct Answer:
Verified
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