What Entry Is Required for the Lessor in a Operating

question 58

Multiple Choice

What entry is required for the lessor in a operating lease?

• A)Gain/loss on asset sale.
• B)Loan receivable.
• C)Interest income.
• D)Depreciation expense.

---

Definitions:

Contingencies

Future events or circumstances that are possible but cannot be predicted with certainty.

Disjunction

A logical operation that yields true if at least one of its operands is true, typically expressed through the use of "or" in statements.

Disjuncts

The separate elements or options in a disjunctive proposition, any of which can make the entire proposition true.

Disjunction

A logical operation yielding a true value if at least one of its propositions is true.