Which of the Following Is an Appropriate Journal Entry for the Initial

question 2

Multiple Choice

Which of the following is an appropriate journal entry for the initial recognition by a lessee of a finance lease arrangement?

• A) DR Leased asset CR Bank loan;
• B) DR Cash CR Leased asset;
• C) DR Lease liability CR Leased asset;
• D) DR Leased asset CR Lease liability.

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Definitions:

Short Sleep Duration

A condition characterized by sleeping for fewer hours than what is recommended for a particular age group, which can affect health adversely.

Weight Gain

The increase in body weight over time, which can result from various factors including overeating, reduced physical activity, or underlying health conditions.

Ideal Weight

A weight range considered to be the most beneficial for health, as determined by medical or fitness professionals based on factors like age, sex, and height.

Health Problems

Refers to any condition that affects an individual's physical or mental wellbeing.