If a Lease Is Capitalized, It Has One of the Following

question 54

Multiple Choice

If a lease is capitalized, it has one of the following attributes:

• A)it shows up as a liability on the lessor's financial statements.
• B)it is debt on the right-hand side of the lessee's balance sheet, and an asset on the left.
• C)the lease's present value shows as a liability on the lessee's balance sheet, but not an asset.
• D)the lease becomes a capital asset for the lessor, allowing him to capitalize on its value to borrow more.

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Definitions:

Table Datasheet View

A spreadsheet-like view that displays the rows and columns of a database table, allowing for data entry and management.

Table Design View

A feature in database applications that allows users to define or modify the structure of a database table, including fields and data types.

Long Data Type

A data type in programming that represents a large integer value, typically requiring more storage space than standard integer types.

Last Record Button

A control element in database applications that allows users to quickly navigate to the last entry or record in a dataset.