Examlex
Which of the following is a feature of TCP? (Choose all that apply.)
Capital Lease
A lease agreement that has the characteristics of a purchase agreement, where the lessee assumes most of the risks and rewards of ownership.
Executory Costs
Refers to the expenses incurred in executing a contract, often related to leasing agreements, such as insurance, maintenance, and property taxes.
Operating Expenses
Costs associated with the day-to-day functions of a business, not including the cost of goods sold but typically covering administrative, sales, and general expenses.
GAAP
Generally Accepted Accounting Principles; a framework of accounting standards, rules, and procedures defined by the professional accounting industry in a specific country.
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