Which of the Following Statements Is False

question 36

Multiple Choice

Which of the following statements is false?

• A) A lease is a contract between two parties: the lessee and the lessor.
• B) Most leases involve little or no upfront payment.
• C) The lessee is the owner of the asset, who is entitled to the lease payments in exchange for lending the asset.
• D) At the end of the contract term, the lease specifies who will retain ownership of the asset and at what terms.