Which of the Following Statements Is Not Correct

question 17

Multiple Choice

Which of the following statements is not correct?

• A)the rewards of ownership relate to the benefits obtained from using the asset and any appreciation in its resale value at the end of the lease
• B)leases that are not finance leases are operating leases
• C)title,or ownership,is essential to the definition of an asset
• D)the risks of ownership relate to any inability to derive the full expected benefits from use,depreciation in resale value,and obsolescence

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Definitions:

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A century marked by industrialization, political revolutions, and the expansion of the British Empire, spanning from 1801 to 1900.

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An American sociologist known for his theories on social structure, social functions, and the sociology of science.