Which of the Following Is Used to Determine Whether the Lessor

question 120

Multiple Choice

Which of the following is used to determine whether the lessor maintains effective control of the leased asset?

• A)Is the lease term greater than 90% of the asset's estimated life?
• B)Does the sum of the payments equal or exceed substantially all of the fair value of the underlying asset?
• C)Does the lease provide for an opportunity for the lessor to re-purchase the leased asset during the lease term at fair market value?
• D)Does the lease transfer ownership of the leased asset to the lessee by the end of the lease term?

---

Definitions:

Privacy

The right of individuals to keep their personal matters and relationships secret or protected from the intrusion of others.

Interrupts

Acts or instances that cause a temporary cessation or disruption of an ongoing activity or process.

Psychosexual Maturity

The stage of psychological development at which a person's sexual instincts are integrated and maturely expressed.

Love

A profound and complex emotion characterized by affection, care, and attachment towards others.