Which of the Following Correctly Describes the Accounting for Leases

question 127

Multiple Choice

Which of the following correctly describes the accounting for leases?

• A)A capital lease is not reported on the balance sheet as a liability.
• B)A capital lease reports an asset on the balance sheet.
• C)An operating lease reports an operating asset on the balance sheet.
• D)An operating lease reports a liability on the balance sheet.

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Definitions:

Physical Exertion

The level of effort and energy expended in physical activities, often associated with work or exercise.

Job Design

The process of organizing work into specific tasks and responsibilities to improve job satisfaction, efficiency, and productivity among employees.

Work Environment

The physical and psychological conditions under which employees work, including factors such as office layout, culture, safety, and colleagues.

Biological Approach

A perspective in psychology and other disciplines that examines behavior and thought processes through biological factors, such as genetics and neurochemistry.