Question
For companies engaged in direct financing leases (ASPE) or finance leases(IFRS), A.their profits are derived from leasing their inventory at a profit. B.they are generally
For companies engaged in direct financing leases (ASPE) or finance leases(IFRS),
A.their profits are derived from leasing their inventory at a profit.
B.they are generally manufacturers or retail stores.
C. their objective is to earn interest income on the financing arrangement with the lessee.
D.such leases are frequently operating leases.
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
