Which of the Following Statements Characterizes an Operating Lease

question 66

Multiple Choice

Which of the following statements characterizes an operating lease?

• A)The lessee records depreciation and interest.
• B)The lessor records depreciation and lease revenue.
• C)The lessor transfers title at the end of the lease term.
• D)The lessee records a leased asset.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially based on race, age, sex, or disability.

Special Privileges

Unique rights or advantages granted to specific individuals or groups, not available to everyone.

Noncitizens

Individuals who do not hold citizenship status in the country in which they reside.

Temporary Work

Employment that is limited in duration, often to fulfill short-term needs of the hiring organization.