Operating Leases

question 83

Multiple Choice

Operating leases

• A)are reported on the balance sheet as an intangible asset.
• B)are,in essence,the acquisition of an asset using debt.
• C)allow companies to take advantage of various tax benefits
• D)have a lease term of one year or less.

---

Definitions:

Limbic System

is a complex system of nerves and networks in the brain, involved with instinct and mood. It controls basic emotions and drives.

Somatic Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body through the innervation of skeletal muscles and mediates sensory information.

Sympathetic

Refers to the part of the autonomic nervous system that often prepares the body for rapid action in stressful situations, involving responses like accelerated heart rate and increased blood pressure.

Parasympathetic

The part of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic system.