In financial lease, the lessor is obligated to pay lease rent till the expiry of lease period. ( )
举一反三
- The lessor should divide the lease into financing lease and ( ) lease on the lease start date.
- By signing the lease we made a ________ to pay a rent of $ 150 a week.
- One difference between a financial lease and operating lease is that:( ) A: there is an often a call option in a financial lease. B: there is often an option to buy in an operating lease. C: an operating lease is often cancellable by the lessee. D: a financial lease is often cancellable by the lessee.
- The characteristics of operating lease A: Revocability B: Fully payment-ability C: Incomplete payment-ability D: Lease property is purchased in bulk by lessor
- What entry is required for the lessor in a finance lease? A: Lease receivable. B: Rental income. C: Interest expense. D: Depreciation expense.