Canada Customs and Revenue Agency Is Suspicious of Financial Leases

question 53

Multiple Choice

Canada Customs and Revenue Agency is suspicious of financial leases that exhibit the following non-lease characteristic:

• A)the term is very long.
• B)there is a down payment.
• C)lease payments change in size over the lease term.
• D)the lease allows the asset's title to pass to the lessee without significant cost at the lease's end.

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