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Read the following excerpt from a patient's health record: Sharon's symptoms were consistent with congestive heart failure. It was decided to surgically correct her VSD. She underwent a sternotomy and atriotomy for patch placement in the ventricular septum to correct her VSD. This was performed with cardiopulmonary bypass. Sharon tolerated the procedure well and is now being admitted for postoperative observation and care. According to this patient's medical history, which of the following statements is NOT true?
Operating Lease
A contract that allows for the use of an asset but does not convey rights similar to ownership, typically shorter term and cancellable.
Future Rentals
Expected or scheduled payments for the use of tangible assets (such as real estate or equipment) over the duration of a lease agreement.
Contingent Rentals
Contingent Rentals are lease payments that are not fixed or established in advance but depend on a future event or condition, like a percentage of sales.
Rental Income
The income received from leasing out property or other assets.
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