Which One of the Following Conditions Is Not a Single

question 87

Multiple Choice

Which one of the following conditions is not a single requirement for verifying a financial lease according to Canadian accounting standards?

• A)there is reasonable assurance of asset title transfer at the end of the lease.
• B)the lessee will receive all or most of the asset's economic benefits.
• C)the lessor is guaranteed a profit on the lease equal to that of other investments.
• D)the lessor recovers the fair market value of the asset at the time of signing the lease, plus a return on that investment.

---

Definitions:

Dactylic

Pertaining to or consisting of dactyls, a form of meter in poetry characterized by a stressed syllable followed by two unstressed syllables.

Compound

A substance made up of two or more elements chemically combined in fixed proportions.

Comminuted

Refers to a fracture in which the bone is broken into several pieces.

Open Fracture

A type of bone fracture where the bone breaks through the skin, increasing the risk of infection.