ARB 38 Recommended That Where It Was Obvious a Lease

question 38

True/False

ARB 38 recommended that where it was obvious a lease contract was in substance a purchase, an asset, but not a liability, should be recognized in the lessee's balance sheet.

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Definitions:

Panic Disorder

An anxiety disorder characterized by recurring severe panic attacks and the fear of a panic attack occurring.

Obsessive-Compulsive Disorder

A mental disorder characterized by recurrent, unwanted thoughts (obsessions) and repetitive behaviors (compulsions).

Obsessive-Compulsive Disorder

A mental disorder characterized by intrusive thoughts that produce uneasiness (obsessions) and repetitive behaviors aimed at reducing these feelings (compulsions).

Avoidance Learning

A process in learning whereby an organism learns to prevent or avoid an unpleasant or harmful stimulus by making a particular response.