Which of the Following Is $\underline{not}$ A Characteristic of a True Lease?
A)Government Agencies Recognized the True

question 64

Multiple Choice

Which of the following is $\underline{not}$ a characteristic of a true lease?

• A)Government agencies recognized the lessee as the owner of the leased asset.
• B)The rentals charged under leasing plans without an option to purchase approximate the rentals charged under plans with such an option.
• C)The lessor retains the right to inspect the equipment during the term of the lease.
• D)There is no mention of interest as a factor in rental charges.

---

Definitions:

Mean

The mean is the average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.

Observations

Data points or individual pieces of data collected through experimentation, measurement, or survey.

Expenditures

Money spent by an individual or organization for goods or services.

Mean Amount

The average value of a set of numbers, calculated by adding all the numbers together and then dividing by the count of those numbers.