Question
24. A direct financing lease differs from a sales type lease in that a. the sales type lease provisions can not have a bargain purchase
24. A direct financing lease differs from a sales type lease in that
a. the sales type lease provisions can not have a bargain purchase option.
b. the direct financing lease provisions can not transfer ownership.
c. the sales type lease does not involve interest revenue.
d. the direct financing lease does not have a dealer profit.
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An Internal Audit
Authors: Mette Marx
1st Edition
0998140910, 978-0998140919
