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Which one of the following definitions is correct? A. A financial lease is an operating lease B. The lessor is the party which uses the

  1. Which one of the following definitions is correct?

    A.

    A financial lease is an operating lease

    B.

    The lessor is the party which uses the leased asset.

    C.

    A leveraged lease is a sale and leaseback arrangement

    D.

    A sale and leaseback is the sale of an asset by Firm A to Firm B followed by the lease of that asset by Firm A.

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