Which One of the Following Conditions Is Not a Single

question 1

Multiple Choice

Which one of the following conditions is not a single requirement for verifying a financial lease according to Canadian accounting standards?

• A)There is reasonable assurance of asset title transfer at the end of the lease
• B)The lessee will receive all or most of the asset's economic benefits
• C)The lessor is guaranteed a profit on the lease equal to that of other investments
• D)The lessor recovers the fair market value of the asset at the time of signing the lease, plus a return on that investment