Which of the Following Criteria Would Cause a Lease to Be

question 128

Multiple Choice

Which of the following criteria would cause a lease to be recorded as an operating lease?

• A)The lease transfers ownership of the property to the lessee.
• B)The lease contains a bargain purchase option.
• C)The lease term is less than 75% of the useful life of the leased property.
• D)The present value of the lease payments equals or exceeds 90% of the fair market value of the leased property.

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Definitions:

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A phrase attributed to Freud, suggesting that biological or physiological factors (such as one's sex) determine an individual's life path.

Karen Horney

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