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A Lease in Which a Company Purchases an Asset from a Manufacturer

Question 221

Multiple Choice

A lease in which a company purchases an asset from a manufacturer and then leases that asset to a third party is known as a:


A) Sale and leaseback arrangement.
B) Leveraged lease.
C) Tax-oriented lease.
D) Direct lease.
E) Conditional sales agreement lease.

Correct Answer:

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