Which of the Following Is Not Among the Criteria for Classifying

question 341

Multiple Choice

Which of the following is not among the criteria for classifying a lease as a capital lease?

• A)The present value of the minimum lease payments is greater than or equal to 75% of the fair value of the asset.
• B)The noncancellable lease term is greater than or equal to 75% of the estimated economic life of the asset.
• C)The lease specifies that ownership of the asset transfers to the lessee.
• D)The lease contains a bargain purchase option.

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Definitions:

Chronic Inflammation

A long-term inflammatory response that can negatively affect tissues and organs, leading to various diseases.

Cancer Risks

Factors that increase the likelihood of developing cancer, including genetics, lifestyle choices, and environmental exposures.

Environmental Exposure

The process of coming into contact with physical, chemical, or biological agents in the environment, potentially leading to adverse health effects.

Behavioral Risk

Behaviors that increase the likelihood of developing health problems or harm, such as smoking, poor diet, and physical inactivity.