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:

Monosaccharides

Simple sugars consisting of a single sugar molecule and serving as the basic building blocks of carbohydrates.

Waxes and Steroids

Diverse types of lipids, with waxes serving as protective coatings and steroids playing roles in cellular signaling and structure.

Lipids

A broad group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, etc., primarily used for energy storage and in cell membranes.

Hydrophobic

Describes molecules or surfaces that repel water, inhibiting the ability of water to bond or saturate the material or molecule.