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:

Hip And Shoulder

Joints that connect the limbs to the torso; the hip being the articulation between the pelvis and the femur, and the shoulder connecting the upper arm to the torso.

Gliding Motion

A smooth movement where surfaces slide past one another, typical in some types of joints like the carpals of the wrist.

Plane Joint

A type of synovial joint which allows only sliding or gliding movements where the articular surfaces are flat.

Cartilaginous Joint

A type of joint where the bones are joined by cartilage, allowing for limited movement.