A Leased Asset Under Capital Lease Is Disclosed on the Balance

question 50

Multiple Choice

A leased asset under capital lease is disclosed on the balance sheet at its

• A)present value
• B)historical cost
• C)current cost
• D)net realizable value

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Definitions:

Anita Hill

An American lawyer and academic who gained national attention in 1991 when she accused U.S. Supreme Court nominee Clarence Thomas of sexual harassment.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace or other professional or social situations.

Pay Gap

The disparity in earnings between different groups, often highlighted by differences in gender, race, or age.

Ceos

Chief executive officers, the highest-ranking individuals in a company or organization, responsible for making major corporate decisions.