Which of the Following Is a Correct Statement Regarding One

question 77

Multiple Choice

Which of the following is a correct statement regarding one of the ASPE capitalization criteria?

• A) The lease transfers ownership of the property to the lessor.
• B) The lease must contain a bargain purchase option.
• C) The lease term is 75% or more of the leased property's estimated economic life.
• D) The fair value of the minimum lease payments is equal to 90% or more of the present value of the leased asset.

---

Definitions:

Christmas Holiday

An annual festival commemorating the birth of Jesus Christ, observed primarily on December 25 as a religious and cultural celebration among billions of people around the world.

Christmas Shopping Season

The period leading up to Christmas Day, traditionally marked by an increase in retail shopping as people purchase gifts, decorations, and supplies for the holiday.

Christmas Tree

A decorated evergreen tree, traditionally associated with the celebration of Christmas, symbolizing life and rejuvenation.

Slaveowners

Individuals or entities that owned, bought, or sold humans as property for forced labor, predominantly in historical contexts such as in pre-Civil War United States.