How Many Years Do Companies Have to Disclose the Minimum

question 58

Multiple Choice

How many years do companies have to disclose the minimum lease payments in the leases note disclosure?

• A) 1
• B) 2
• C) 5
• D) 10

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Definitions:

Unlimited Liability

Unlimited liability means that the owners of a business are personally responsible for the entire amount of debt and obligations of the business, potentially risking their personal assets.