What are the principal advantages and principal disadvantages of lease financing? Which of the purported advantages are really of dubious value?

Multiple choices are:

essentially, leasing annuitizes the cost of having the use of an asset

potential advantages to leasing include efficient use of tax deductions and credits, reduced borrowing cost, flexibility in bankruptcy, circumvention of debt covenants, and off-balance sheet financing

potential disadvantages to leasing include forfeiting ownership tax credits and, in many cases, the residual value

dubious potential advantages to leasing include borrowing more (such as 100% of the assets cost), fooling investors with off-balance sheet financing and other accounting games, and circumventing debt covenants

A and B

A and C

A and D

B and C

B and D

C and D

all but A

all but B

all but C

all but D

all are true