Some Assets Are Almost Impossible to Lease Short-Term Because

question 73

Multiple Choice

Some assets are almost impossible to lease short-term because:

• A)They are too expensive
• B)The assets are hard to transport for use
• C)The lessees don't want pay enough
• D)The assets to be leased are too susceptible to damage and abuse

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Definitions:

Cash Sales Return

Refunds issued to customers for goods returned that were originally purchased with cash, impacting both the company's inventory and its cash balances.

Cash Payments Journal

A financial journal that records all disbursements of cash, including expenses, asset purchases, and debt payments.

Merchandise

Goods that are purchased with the intention of reselling them to customers, typically found in the inventory of retail businesses.

Purchases Journal

An accounting journal used to record all purchases of goods and services on credit.