In 1950,the Country with the Highest Per-Capita GDP Was

question 104

Multiple Choice

In 1950,the country with the highest per-capita GDP was

• A) Switzerland.
• B) New Zealand.
• C) the United States.
• D) Venezuela.
• E) the Netherlands.

---

Definitions:

Operating Lease

A leasing agreement allowing one party to use an asset owned by another party for a specified time period without ownership transfer.

Seller-lessee

An entity that sells an asset and then leases it back from the buyer, typically to gain capital while retaining the use of the asset.

Sale-leaseback Transaction

A financial transaction where one party sells an asset and then leases it back from the buyer, generally to free up capital while retaining the use of the asset.

Capital Lease

A leasing arrangement considered to have the economic characteristics of asset ownership for accounting purposes.