FAS 13 Sets Forth Four Criteria for Determining Whether or Not

question 11

Multiple Choice

FAS 13 sets forth four criteria for determining whether or not a lease must be classified as a capital lease.How many of these criteria must be met for capital lease classification?

• A)All four criteria
• B)Any three of the four
• C)Any two of the four
• D)Any one of the four
• E)Any two of the four provided the lessee has ownership rights at the end of the lease

---

Definitions:

Analytical Report

A detailed document that involves the careful examination and evaluation of data to provide insights or recommendations.

Plant Managers

Individuals responsible for overseeing the daily operations of manufacturing plants and ensuring efficiency and safety.

Informative Headings

Titles or captions used in texts or presentations that provide clear guidance on the content of the sections they precede.

Descriptive

Relating to the detailed or vivid description of something, often used to paint a picture in the reader's mind.