A Major Difference Between Accounting for an Operating Lease and a Finance

question 6

True/False

A major difference between accounting for an operating lease and a finance lease, in the books of the lessee, is that a finance lease will create an asset and a liability, whereas an operating lease will be treated as an expense.

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The concept of fair and just relations between the individual and society, often pursued through policies ensuring equitable distribution of wealth, opportunities, and privileges.

Fairness

The state, condition, or quality of being fair, impartial; treating individuals equally without favoritism or discrimination.

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Individuals or groups that actively work to support, lobby for, or promote specific policies or legislative changes.

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A type of social service delivery that involves providing immediate assistance to individuals or groups to meet their needs.