Flexible Manufacturing Systems (FMS)are Intended to Automate Routine Work Tasks

question 33

True/False

Flexible manufacturing systems (FMS)are intended to automate routine work tasks in high volume,low variety mass production industries such as the auto industry.

Understand the components and exclusions of minimum lease payments.

Analyze the financial statement impacts of recording leases incorrectly.

Differentiate between capital and operating leases.

Identify criteria for classifying leases as capital leases.