Which of the following statements best describes sale and lease-back agreements?
A) The lessee relinquishes the title to the property in return for cash and agrees to make periodic lease payments.
B) The lessor relinquishes the title to the property and the lessee agrees to make periodic lease payments.
C) The lessee obtains effective control of the asset.
D) They normally involve leasing such assets as computers and motor vehicles.
Correct Answer:
Verified
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