Which of the Following Statements Regarding Operating Leases Is FALSE

question 24

Multiple Choice

Which of the following statements regarding operating leases is FALSE?

• A)They are also called finance leases.
• B)The lease is viewed as a rental for accounting purposes.
• C)The lessee reports the entire lease payment as an operating expense.
• D)They are disclosed in the footnotes of the lessee's financial statements.

---

Definitions:

Sex Chromosomes

Chromosomes that determine the biological sex of an individual, with the most common configurations being XX for females and XY for males.

Intersex Condition

A condition present at birth where an individual has reproductive or sexual anatomy that doesn’t fit the typical definitions of female or male.

Primary Sex Characteristics

The physical structures directly involved in reproduction, such as ovaries in females and testes in males.

Genetic Male

An individual with XY chromosomes, typically leading to the development of male anatomical and physiological characteristics.