Use the Following Statements to Answer This Question

question 40

Multiple Choice

Use the following statements to answer this question:

• A) I and II are correct.
• B) I and II are incorrect.
• C) I is correct and II is incorrect.
• D) I is incorrect and II is correct.
• I.Leverage leasing does not provide the same benefits to the lessor in Canada as it does in the U.S.
• II.Amortizing the asset on the lessor's balance sheet is a major benefit for financial lease revenue.