Under FASB Standard No

question 98

Multiple Choice

Under FASB Standard No. 13, which of the following element should be present to qualify as a capital lease?

• A) The lease does not transfer ownership of the property to the lessee by the end of the lease.
• B) The lease contains an option to purchase the property at a "bargain" price.
• C) The lease term is less than 50 percent of the economic life of the property.
• D) At the beginning of the lease, the present value of the lease payment is equal to 50 percent or more of the fair market value of the leased property less any investment tax credit received by the lessor.

Apply regression analysis to predict values and understand the relationship between variables.

Interpret the significance of the slope in a regression model in real-life contexts.

Utilize scatter diagrams to assess the appropriateness of a linear model.

Estimate values using the regression line in different contexts, including economics, health, and sales.

---

Definitions:

Wages

Payments made to employees for their labor, typically calculated by hour, day, or piece.

Foregone Opportunities

The benefits or income missed out on when choosing one alternative over another.

Tuition

The fee charged for instruction or education provided by schools, colleges, and universities.

Equality

The condition of having equal status, rights, and chances.