Which of the Following Statements Regarding Operating Leases Is FALSE

question 9

Multiple Choice

Which of the following statements regarding operating leases is FALSE?

• A) They are also called a finance leases.
• B) The lease is viewed as a rental for accounting purposes.
• C) The lessee reports the entire lease payment as an operating expense.
• D) They are disclosed in the footnotes of the lessee's financial statements.

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Definitions:

Public International Law

Laws that govern interactions of nation-states

Supranational Law

International law that limits the rights of sovereign governments.

Property Rights

The rights of companies and individuals to own resources, make decisions about how to use it, and reap the returns or losses of business activities

Riparian Rights

Legal entitlements related to the ownership of land adjacent to rivers, lakes, or streams, often concerning the use and access to the water.