Which Statement Is Correct

question 1

Multiple Choice

Which statement is correct?

• A)In an operating lease,the lessee uses the asset for most of the asset's useful life.
• B)The lessee expenses the cost of the lease in the period the benefits are received in an operating lease.
• C)An operating lease transfers the risks and rewards from the lessor to the lessee.
• D)In an operating lease,the lessee records an asset for the property being used.

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Definitions:

DM Centrifugal Clutch

A type of automatic clutch that uses centrifugal force to engage the gears as the engine's RPM increases.

Lowest Rpm

Refers to the minimum revolutions per minute at which an engine, machine, or device operates effectively without stalling.

Touch-point

An interaction point between a customer and a product, brand, or company, which can be a crucial factor in customer experience.

Automated Manual Transmissions

A type of transmission that offers manual gear shifting control with the operation ease of an automatic transmission.