For the Lessor to Recognize a Lease as a Sales-Type

question 15

Multiple Choice

For the lessor to recognize a lease as a sales-type lease,the following must occur.

• A)At least one of the capital lease criteria is met,at least one of the certainty criteria is met,and there is a manufacturer or dealer's profit.
• B)At least one of the capital lease criteria is met,both certainty criteria are met,and there is a manufacturer or dealer's profit.
• C)More than one of the capital lease criteria are met,both certainty criteria are met,and there is a manufacturer or dealer's profit.
• D)Only one of the capital lease criteria is met,both certainty criteria are met,and there is a manufacturer or dealer's profit.

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Definitions:

Microlith

Small, finely crafted stone tools, typically part of composite tools, used by prehistoric peoples.

Secondary Innovation

New improvements or adaptations made to existing technologies or ideas, enhancing their functionality or applying them in new contexts.

Primary Innovation

The creation, invention, or chance discovery of a completely new idea, method, or device.

Neolithic Revolution

A major turning point in human history, marked by the transition from nomadic hunting and gathering to settled agriculture and community living.