Which of the Following Is a True Statement Regarding APB

question 2

Multiple Choice

Which of the following is a true statement regarding APB Opinion No. 5?

• A)It took a legalistic approach to determining whether a lease was in substance a purchase.
• B)The stated objective was to clarify ARB 38, not change it.
• C)Cancellability was viewed as mitigating the executory nature of lease contracts.
• D)It greatly increased the number of leases that were capitalized.

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Definitions:

Policy Issues

Concerns or problems that are the subject of public debate and governmental action, often requiring policy-making to address.

Council of Economic Advisers

A group of economists who advise the President of the United States on economic policy issues and trends.

Congressional Budget Office

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Pie Chart

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