What are the basic type of leases available to businesses?

Question

Quizplus · Accepted Answer

All three options - operating leases, financial leases, and capital leases are basic types of leases available to businesses. Operating leases are typically short-term leases where the lessor is responsible for maintenance and repairs, while financial leases and capital leases are long-term leases where the lessee assumes most of the responsibilities for the asset. Therefore, D is the correct answer.

What Are the Basic Type of Leases Available to Businesses