Which of the Following Is Not a Criterion for Classifying

question 65

Multiple Choice

Which of the following is not a criterion for classifying a lease as a finance lease, from the lessee's point of view?

• A)The lease payments are more frequent than annually
• B)Title to the lease passes to the lessee at the end of the lease
• C)The lease term is for a major portion of the asset's economic life.
• D)Present value of the minimum lease payments is equal to substantially all of the FV of the asset.

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Definitions:

Synovial Membrane

A connective tissue that lines the inner surface of capsules of synovial joints and tendon sheaths, producing a fluid for lubrication.

Serous Membrane

A thin layer of tissue that lines certain internal cavities of the body, producing a serous fluid to lubricate these cavities.

Mucous Membrane

A layer of cells known for producing mucus, found lining various cavities in the body that are exposed to the external environment.

Internal Organs

Organs located inside the body, such as the heart, lungs, and liver, which perform various vital functions.