A lease under which a lessor owns or acquires the assets that are leased to a given lessee is called a(n)
A) operating lease.
B) financial lease.
C) sale-leaseback arrangement.
D) direct lease.

Name: A lease under which a lessor owns or acquires the assets that are leased to a given lessee is called a(n) A) operating lease. B) financial lease. C) sale-leaseback arrangement. D) direct lease.
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Question

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A direct lease is when the lessor owns or acquires the assets and leases them directly to the lessee.

A Lease Under Which a Lessor Owns or Acquires the Assets