An Operating Lease

question 173

Multiple Choice

An operating lease

• A) has a lease term equal to 75% or more of the estimated property.
• B) is usually short-term and is often cancellable at the option of the lessee.
• C) must show up on the balance sheet.
• D) none of the other answers are correct.

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Definitions:

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body's tissues.

Veins

Blood vessels that carry blood toward the heart, usually deoxygenated, except for the pulmonary and umbilical veins.

Aortic Arch

The part of the aorta that bends between the ascending and descending aorta, serving as a crucial pathway for blood from the heart to the body.

Celiac Trunk

A major artery originating from the abdominal aorta that supplies blood to the stomach, spleen, liver, and other nearby organs.