Examlex
Which of these was the direct result of Powhatan attacks against the colony at Jamestown that began in 1622?
Lease Receivable
An asset account that records the amount due to be received by a lessor from a lessee under the terms of a lease agreement.
Sales-type Lease
A type of lease where the lessor recognizes immediate profit on the lease, similar to a sale, often used in equipment and vehicle financing.
Long-term Asset
A long-term asset is a resource owned by a company, providing economic benefits for a period extending beyond one year, including property, plant, and equipment.
Balance Sheet
A document that presents a snapshot of a corporation's financial health, by detailing assets, liabilities, and shareholders' equity on a specific date.
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