The Major Accounting Difference Between a Finance Lease and an Operating

question 73

Multiple Choice

The major accounting difference between a finance lease and an operating lease is that finance leases:

• A) involve larger amounts of funds.
• B) are for longer periods of time.
• C) involve the recognition of assets and liabilities.
• D) are cancellable.

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Definitions:

Ineffective Job Behaviour

Actions or conduct by an employee that do not lead to the desired performance or outcomes in their role.

Supervisor

An individual who oversees and directs the work of other employees, ensuring tasks are completed efficiently and standards are met.

Cheque Clearance Policy

The set of rules and procedures that govern the process through which a cheque goes from being presented to a bank to the funds being made available in the recipient's account.

Behaviourally Anchored Rating Scales

A performance appraisal method that uses specific examples of behavior to rate employee performance against a scale.