Examlex
Which of the following is not one of the unique strategies that have been developed for not-for-profit organizations in order to cope with changing environmental conditions?
Operating Lease
A lease agreement for property or equipment that is considered a rental and is not recorded as an asset on the company's balance sheet.
GAAP
Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting in the United States.
Lease Classification
The process of categorizing leases as either operating leases or finance (capital) leases based on criteria that affect the lessee's financial statements.
Leveraged Lease
A financing arrangement where the lessor uses borrowed funds to acquire an asset which is then leased to a lessee, allowing for tax benefits and risk distribution.
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