Which of the following is not a financial lease?
A)A leveraged lease
B)An operating lease
C)A sale-and-leaseback
D)Both A and B.
E)None of the above.

Question

Quizplus · Accepted Answer

An operating lease is not a financial lease. It is a type of lease agreement where the lessee gets to use the asset for a short period of time without having to own it, and it is not considered a financial transaction. A leveraged lease and a sale-and-leaseback are both examples of financial leases.

Which of the Following Is Not a Financial Lease