Examlex
Animated ____________________ files are composed of multiple images combined into a single file.
Operating Lease
A lease agreement that allows for the use of an asset but does not convey rights of ownership to the lessee.
GAAP
GAAP (Generally Accepted Accounting Principles) is a collection of commonly-followed accounting rules and standards for financial reporting.
Capital Lease
A lease agreement in which the lessee gains ownership or a substantial portion of the rights to the asset by the end of the lease term, treated as a purchase in accounting.
Lessee
A person or entity that leases property or equipment from another, known as the lessor, under a lease agreement.
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