Which Statement Is Correct

question 1

Multiple Choice

Which statement is correct?

• A)In an operating lease,the lessee uses the asset for most of the asset's useful life.
• B)The lessee expenses the cost of the lease in the period the benefits are received in an operating lease.
• C)An operating lease transfers the risks and rewards from the lessor to the lessee.
• D)In an operating lease,the lessee records an asset for the property being used.

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Definitions:

Secure Handrails

Measures implemented to ensure handrails are firmly in place and safe to use to prevent falls and injuries.

Throw Rugs

Small, movable carpets that can be placed in various locations around a house, such as in front of a sink or by a bed.

High-fiber Foods

Foods that are rich in dietary fiber, which helps to maintain gastrointestinal health, aid in digestion, and can contribute to disease prevention efforts.

Constipation-diarrhea Cycle

A condition where an individual alternates between episodes of constipation and diarrhea, often indicating underlying digestive issues.