For a Lessor to Classify a Lease as a Capital

question 295

True/False

For a lessor to classify a lease as a capital lease,collectability of the required minimum lease payments must be reasonable assured.

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Definitions:

Real Output

The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the actual productivity.

Per Capita

A statistical measure that divides an aggregate by the number of individuals in a population to give an average.

Industrially Advanced

Pertaining to countries or regions that have highly developed and complex industrial sectors, often characterized by innovation and high levels of production and income.

Temporary Workers

Individuals hired for a limited period, often to meet seasonal demands, project deadlines, or cover for permanent staff absences.