Which of the Following Statements Concerning Leases Is True

question 18

Multiple Choice

Which of the following statements concerning leases is true?

• A) Finance leases are favored by lessees.
• B) The appearance of the account, Leased Asset, on the statement of financial position, signifies an operating lease.
• C) The portion of a lease liability expected to be paid in the next year is reported as a current liability.
• D) Present value is irrelevant in accounting for leases.

---

Definitions:

Security

Refers to measures and protocols implemented to protect information, systems, and networks from unauthorized access, attacks, or damage.

Linked Table

In database software, a table that connects to data in another table, often in a different database, enabling dynamic data updates.

Source

In general, refers to the origin or starting point of something, such as data or information.

Startup Option

A setting or choice available when a software program is first launched, dictating how the software behaves or looks initially.