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

question 5

Multiple Choice

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

• A) DR Lease receivable: CR Asset
• B) DR Lease receivable: CR Lease liability
• C) DR Leased asset: CR Cash/accounts payable
• D) DR Leased asset: CR Cash

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Definitions:

Heart Disease

A range of conditions that affect the heart, including blood vessel diseases, heart rhythm issues, and heart defects.

Difficulty In Speaking

The experience of struggling to articulate words or communicate verbally, potentially due to disorders such as aphasia, dysarthria, or apraxia.

Stroke

A medical condition that occurs when the blood supply to part of the brain is interrupted or reduced, causing brain tissue to die.

Cholesterol Levels

The measure of cholesterol in the blood, which can indicate risk for heart disease; includes measurements of LDL (bad) and HDL (good) cholesterol.