Which of the Following Accounts Would Not Appear on the Balance

question 80

Multiple Choice

Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease?

• A) Accumulated depreciation on the leased asset.
• B) Capital lease liability in the current liability section.
• C) Capital lease liability in the long-term liability section.
• D) Rent expense on the leased asset.

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Definitions:

Late Assignments

Assignments submitted after the deadline.

Annual Income

The total amount of income earned over a year before taxes and other deductions.

Square Foot

A unit of area measurement equal to a square measuring one foot on each side.

Family Size

The number of individuals in a household, encompassing all related and unrelated members.