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Vivian is the executive secretary to a manager at Cedeco.Although she is not paid overtime, she often volunteers to work extra hours in the evenings or on weekends because the company is under a deadline to produce a major order.Her behavior is characteristic of
Lessee
An individual or entity that leases or rents property from a lessor.
Leasing Cash Flows
The cash inflows and outflows associated with leasing operations, including initial receipts, ongoing lease payments, and final residuals.
Operating Leases
Lease agreements for the use of equipment or property for a shorter period compared to the asset's useful life, where lessor retains ownership.
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