Which of the Following Facts Would Preclude a Lessor from Classifying

question 88

Multiple Choice

Which of the following facts would preclude a lessor from classifying a lease as a sales-type or direct financing lease?

• A)The undiscounted sum of the minimum lease payments is 90% of the fair value of the leased property to the lessor.
• B)The collectibility of the minimum lease payments is reasonably assured.
• C)The lease term is 75% of the estimated economic life of the leased property.
• D)No important uncertainties exist about unreimbursable costs yet to be incurred by the lessor.

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Definitions:

Death Seeker

An individual who exhibits behavior that shows a desire or preference for death, often in the context of mental health issues or chronic pain.

Teenagers

Individuals who are in the age group that begins with the onset of puberty and ends at the age of adulthood, often characterized by significant physical, psychological, and social changes.

Suicide

The deliberate act of taking one's own life.

Succeed

Achieving a desired goal, outcome, or status after effort, skill, or courage has been applied.