Which of the Following Is/are Not One of the Conditions

question 133

Multiple Choice

Which of the following is/are not one of the conditions of a capital lease?

• A)transfer of ownership to the lessee at the end of the lease term
• B)transfer of ownership to the lessee appears likely because of a "bargain" purchase option
• C)lease extends for at least 70 percent of the asset's life
• D)present value of the minimum contractual lease payments equals or exceeds 90 percent of the fair market value of the asset at the time the lessee signs the lease
• E)all of the above

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Definitions:

Increasing Proportion

A term related to the growing ratio or fraction of one quantity compared to another.

Psychologically Disordered

Pertaining to conditions characterized by abnormal thoughts, feelings, or behaviors that may cause distress or impairment in functioning.

Deviant

Refers to behaviors or actions that deviate from the societal norms or expectations.

Distressful

Causing anxiety, sorrow or pain; emotionally distressing.