Which Statement Is Correct

question 75

Multiple Choice

Which statement is correct?

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

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