Question
A direct financing lease differs from a sales-type lease in that a. the direct financing lease does not recognize cost of goods sold. b. the
A direct financing lease differs from a sales-type lease in that
a. the direct financing lease does not recognize cost of goods sold.
b. the sales-type lease replaces the leased equipment with a monetary asset.
c. the direct financing lease provisions do not include a bargain purchase option.
d. the direct financing lease recognizes sales revenue.
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
