What Entry Is Needed by the Lessor for a Finance

question 70

Multiple Choice

What entry is needed by the lessor for a finance lease?

• A)Obligation for lease.
• B)Interest expense.
• C)Depreciation expense.
• D)Lease receivable.

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Definitions:

Births

The act or process of bringing forth offspring or the occurrence of being born.

Immigration

The action of coming to live permanently in a foreign country, differing from emigration, which denotes the act of leaving one's country.

Deaths

The irreversible halt of all biological activities that keep an organism alive, signifying the conclusion of its existence.

Emigration

Movement of individuals out of a population.