A Direct Financing Lease Differs from a Sales-Type Lease in That

question 69

Multiple Choice

A direct financing lease differs from a sales-type lease in that

• A) the direct financing lease does not have a dealer profit, although it could have a dealer loss.
• B) the direct financing lease provisions do not include a bargain purchase option.
• C) the sales-type lease does not have unearned interest income at the inception of the lease.
• D) the direct financing lease does not have a dealer profit or loss.

---

Definitions:

Biological Motives

Innate drives stemming from biological needs that are essential for survival, such as hunger, thirst, and the need for sleep.

Avoiding Bad Grades

Strategies or actions taken to prevent receiving poor marks in academic assessments, usually involving studying, time management, and seeking help when needed.

Intrinsically Motivated

Pertaining to motivation driven by internal rewards or personal satisfaction rather than external factors.

Extrinsic Motivation

A type of motivation driven by external rewards or pressures, rather than internal desires or satisfaction.