What Entry Is Required for the Lessor in a Finance

question 69

Multiple Choice

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

• A)Loan receivable.
• B)Rental income.
• C)Interest expense.
• D)Depreciation expense.

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Definitions:

Continuous Basis

A term describing operations or conditions that are maintained constantly without interruption over a long period.

Rated Frequency

The specific frequency, often in hertz (Hz), at which an electrical device is designed to operate under its standard conditions.

Electrical Insulation

Materials or systems used to prevent the unwanted flow of electric current, ensuring safety and proper functioning of electrical circuits.

Operating Temperature

Operating temperature refers to the range of ambient temperature in which an electronic or mechanical device can function correctly and efficiently without succumbing to failures or damage.