If a Sales-Type Lease Is Renewed at the End of a Lease

question 74

True/False

If a sales-type lease is renewed at the end of a lease term, the lessor must account for the lease as if it were a direct financing lease.

---

Definitions:

Vasodilator Secretion

The release of substances from cells that cause the dilation of blood vessels, increasing blood flow.

Blood Volume

The total amount of blood circulating within an individual's vascular system at any given time.

Pulse Pressure

The difference between systolic and diastolic blood pressure, an indicator of the health of arterial walls.

Natriuretic Factor

A hormone involved in the regulation of blood pressure and fluid balance, promoting the excretion of sodium and water.