A Required Disclosure of a Direct Financing Lease Is That

question 12

True/False

A required disclosure of a direct financing lease is that the cost and carrying amount, if different, of property on lease or held for leasing by major classes of property and the amount of the total accumulated depreciation must be disclosed in the company's financial statements.

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Definitions:

Neutral

Not supporting or helping either side in a conflict, dispute, or competition.

Independent Variable

In experimental studies, this is the variable that the researcher alters to examine its impact on the dependent variable.

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.

Confound

A variable that influences both the dependent and independent variables in a study, potentially skewing results and making it difficult to determine causality.