A Short-Term, Cancelable Lease Is Known as a Financial Lease

question 42

True/False

A short-term, cancelable lease is known as a financial lease. A long-term, noncancelable lease is called an operating lease.

---

Definitions:

Fahrenheit

A scale of temperature where water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Fahrenheit

A scale for measuring temperature where water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Celsius

A scale and unit of measurement for temperature where 0 degrees represents the freezing point and 100 degrees the boiling point of water at sea level.

Fahrenheit

A scale of temperature on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.