All of the following must be included on a company's balance sheet except:
A)Capital leases
B)Sale and leaseback agreements
C)Operating leases
D)Leveraged leases

Question

Quizplus · Accepted Answer

While capital leases, sale and leaseback agreements, and leveraged leases all represent long-term liabilities and must be included on a company's balance sheet, operating leases are considered short-term liabilities and are not required to be included on the balance sheet under Generally Accepted Accounting Principles (GAAP). Instead, operating lease expenses are typically reported on the income statement.

All of the Following Must Be Included on a Company's