Which Condition Would Not Result in a Finance Lease

question 25

Multiple Choice

Which condition would not result in a finance lease?

• A)Risk of breakage is with the lessee.
• B)Reward of high resale value is with the lessor.
• C)Risk of change in rental rates is with the lessee.
• D)Reward of longer than expected useful life for the leased asset is with the lessee.

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Definitions:

Nuclear Family

A term used to describe a household consisting of a mother, father, and their biological or adopted children.

Decline of The Family

Refers to the perceived or real decrease in the traditional family structure's stability and function in society.

Divorced Parents

Individuals who have legally ended their marriage or partnership, which involves the separation of a child's guardians or primary caregivers into two distinct households.

Remarry

The act of marrying again after being divorced or widowed.