Which of the Following Facts Would Preclude a Lessor from Classifying

question 137

Multiple Choice

Which of the following facts would preclude a lessor from classifying a lease as a sales-type or direct financing lease?

• A) The undiscounted sum of the minimum lease payments is 90% of the fair value of the leased property to the lessor.
• B) The collectibility of the minimum lease payments is reasonably assured.
• C) The lease term is 90% of the estimated economic life of the leased property.
• D) No important uncertainties exist about unreimbursable costs yet to be incurred by the lessor.

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Definitions:

Methamphetamine

A powerful, highly addictive stimulant that affects the central nervous system, known for its rapid onset of euphoria but associated with severe health risks.

Sensation Seeking

A trait describing the need for varied, novel, and complex sensations and experiences, as well as the willingness to take physical and social risks for such experiences.

Apathy

A state of indifference where an individual shows little to no interest, enthusiasm, or concern towards aspects of life.

Impulsivity

Impulsivity is the tendency to act on urges without considering the future consequences of one's actions, often associated with a range of psychological conditions.