Which of the Following Is Not an Off-Balance-Sheet Item

question 29

Multiple Choice

Which of the following is not an off-balance-sheet item?

• A)Purchase commitment
• B)Capitalized lease
• C)Loan commitment
• D)Synthetic lease

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Definitions:

Thinking Styles

Thinking styles refer to the diverse ways in which individuals process information, solve problems, and make decisions.

Communication Process Model

A theoretical framework that describes the process through which information is transmitted from a sender to a receiver.

Decimal Place

The position of a number to the right of a decimal point, used to denote fractions of a whole number.

Divide

A mathematical operation in which one number (the dividend) is divided by another (the divisor), resulting in a quotient and sometimes a remainder.