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

question 25

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:

Late Sleep Onset

A condition referring to the difficulty in falling asleep at a conventional time, often leading to insufficient sleep and affecting overall health.

Disorders Of Arousal

Disorders that involve abnormal arousal and excitement levels, often affecting sleep or sexual function.

Arousal

A physiological and psychological state of being alert, awake, and attentive, often involving the activation of certain systems in the brain.

Sleep Disorders

A group of conditions that affect the ability to sleep well on a regular basis, impacting overall health, safety, and quality of life.