An Operating Lease

question 82

Multiple Choice

An operating lease

• A)Is also called a rent-to-own lease
• B)Requires the lessee to record a leased asset and a lease liability
• C)Allows the lessee to report rent expense
• D)Is the economic equivalent of a purchase with a financing arrangement
• E)None of these

---

Definitions:

Capillary puncture

A medical procedure for collecting blood samples by puncturing the capillaries, often done on the fingertip or earlobe, for testing purposes.

Lancet

A small, disposable instrument with a sharp point used to puncture the skin and make a shallow incision; used for capillary puncture.

Retracting needle

A safety syringe design where the needle retracts into the barrel post-injection to prevent needle-stick injuries.

Butterfly needle

A small, winged needle used for accessing veins for blood draws or infusions, minimizing discomfort and tissue damage.