________ leases are noncancellable and are generally used for leasing land, buildings, and large pieces of fixed equipment.
A) Financial
B) Operating
C) Leveraged
D) Direct

Question

Quizplus · Accepted Answer

Financial leases are noncancellable and typically involve long-term leasing of assets such as land, buildings, and large equipment, where the lessee assumes many of the risks and benefits of ownership.

________ Leases Are Noncancellable and Are Generally Used for Leasing