Which of the Following Statements Is FALSE

question 3

Multiple Choice

Which of the following statements is FALSE?

• A)In a leveraged lease,the lessor borrows from a bank or other lender to obtain the initial capital for the purchase,using the lease payments to pay interest and principal on the loan.
• B)In some circumstances,the lessor is not an independent company but rather a separate business partnership,called a special-purpose entity (SPE),which is created by the lessor for the sole purpose of obtaining the lease.
• C)In a direct lease,the lessor is not the manufacturer,but is often an independent company that specializes in purchasing assets and leasing them to customers.
• D)SPEs are commonly used in synthetic leases,which are designed to obtain specific accounting and tax treatment.

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Definitions:

Pharynx

A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, facilitating breathing and swallowing.

Endolymph

A fluid located within the membranous labyrinth of the inner ear, playing a key role in hearing and balance.

Membranous Labyrinth

The membranous labyrinth is a complex system of fluid-filled tubes and sacs located within the ear, critical for hearing and balance.

Bony Labyrinth

A complex structure within the inner ear consisting of bone-enclosed channels that help with hearing and balance.