An essential characteristic of operating leases is that:
A) the lessor is able to use the asset without directly incurring the risks of ownership.
B) the lessor is responsible for insuring the asset and maintaining it.
C) they are usually short term.
D) the lessee is able to use the asset without directly incurring the risks of ownership.
Correct Answer:
Verified
Q13: Which of the following criteria is essential
Q14: The Australian Equipment Lessors Association reports that
Q15: XYZ Ltd intends to lease to another
Q16: Which lease is essentially a rental agreement?
A)Finance
Q17: Which lease can be best defined as
Q19: Which Accounting Standard states that the accounting
Q20: Which feature of a lease ensures that
Q21: Which of the following statements represents a
Q22: Company-specific assets are more likely to be:
A)purchased
Q23: An argument forwarded as justification for leasing
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