Which of the Following Accounts Would Not Appear on the Balance

question 15

Multiple Choice

Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease?

• A) Accumulated depreciation on the leased asset
• B) Lease obligation in the current liability section
• C) Lease obligation in the long-term liability section
• D) Rent expense on the income statement

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Definitions:

Mitosis

A type of cell division that produces ordinary body, or somatic, cells; each new cell receives a complete set of paired chromosomes.

Pair of Chromosomes

Two chromosomes, one from each parent, that are alike in size, shape, and gene arrangement, constituting a matched set in a diploid cell.

Triglycerides

A type of fat found in the blood, used as a source of energy, with high levels associated with an increased risk of heart disease.

Store Energy

The process of conserving energy in the form of fat, glycogen, or other substances within the body for future use.