Which of the Following Is Not a Condition Which Would

question 15

Multiple Choice

Which of the following is not a condition which would require the recording of a lease contract as a finance 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 economic life of the leased property.
• D) The present value of the lease payments equals or exceeds 90% of the fair value of the leased property.

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Definitions:

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, disability, or age.

Prejudice

An opinion or judgment formed in advance about an individual or object without logical grounds or firsthand experience.

Discrimination

Unfair or prejudiced treatment of individuals based on their characteristics, such as race, age, sex, or sexual orientation.

Stereotyping

The act of assigning a fixed set of characteristics to members of a particular group, often oversimplifying individual differences and promoting generalizations.