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Orangetree tries to help employees maintain a work-life balance by providing flexible job arrangements.For instance,Alison works only on Mondays,Wednesdays,and Fridays,while Joan fills the same role on Tuesdays,Thursdays,and Saturdays.Both find the arrangement convenient,while the company gets the advantage of two workers for little more than the price of one.This arrangement is known as ________.
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.
Lessor
An entity or individual that owns an asset and grants another party the right to use that asset in exchange for periodic rental payments.
Capital Lease
A lease classified by the lessee as an asset and liability on the balance sheet because it effectively transfers substantially all risks and rewards of ownership to the lessee.
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