Which of the Following Statements About Capital Leases Is INCORRECT

question 84

Multiple Choice

Which of the following statements about capital leases is INCORRECT?

• A)Under a capital lease, the lessee does not report the leased asset on the financial statements.
• B)A capital lease can transfer title of the leased asset to the lessee at the end of the lease term.
• C)A capital lease may contain a bargain purchase option.
• D)Under a capital lease, the lessee records a lease liability at the beginning of the lease term.

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Definitions:

Cultural Sensitivity Training

Training designed to increase awareness and competence in interacting with people from diverse cultural backgrounds, to improve communications and reduce misunderstandings.

Strategic Training

Training initiatives aligned with an organization's long-term goals, aiming to improve overall business performance and competitive advantage.

ISD Model

The Instructional System Design model, a systematic approach to designing effective educational programs and training sessions based on learner needs.

Needs Analysis

The process of identifying and evaluating the needs of a group or organization to achieve its goals and objectives.