Harrington Corporation recently leased a number of trucks from Andre Corpo- ration. In inspecting the books of Harrington Corporation, you notice that the trucks have not been recorded as assets on its balance sheet. From this you can conclude that Harrington is accounting for this transaction as a/an:

(a) operating lease.

(c) purchase.

(b) capital lease.

(d) None of the above.

AppendixLO1