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.

---

Definitions:

Crisis Counseling

A form of assistance provided to individuals experiencing acute emotional distress, designed to help stabilize their condition and guide them towards long-term solutions.

Situational Crisis

involves an unexpected, stressful event that overwhelms an individual's ability to cope, often leading to emotional upheaval.

Sudden Infant Death Syndrome

An unexplained event, largely occurring during sleep, that results in the sudden death of an otherwise healthy infant, often referred to as "crib death."

Heroin Addiction

A chronic disease characterized by compulsive drug seeking and use, despite harmful consequences, and changes in the brain, which can be long lasting.