All of the following must be included on a company's balance sheet except:
A)capital leases.
B)sale and leaseback agreements.
C)operating leases.
D)leveraged leases.

Question

Quizplus · Accepted Answer

Operating leases are not required to be included on a company's balance sheet under generally accepted accounting principles (GAAP). Capital leases, sale and leaseback agreements, and leveraged leases are all required to be included as either assets or liabilities on a company's balance sheet.

All of the Following Must Be Included on a Company's