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.

What entry is required for the lessor for an operating lease? A: Gain/loss on asset sale. B: Net investment in lease. C: Interest income. D: Depreciation expense.

‏The lessor should divide the lease into financing lease and （ ） lease on the lease start date.‍‏‍

In financial lease, the lessor is obligated to pay lease rent till the expiry of lease period. （ ）

To Lease(租赁) or Not to Lease A: True B: False C: Not Given

中国大学MOOC: If you lease a car for a year and the monthly lease fee is $200, then the total lease payments should be $2,400.

If you lease a car for a year and the monthly lease fee is $200, then the total lease payments should be $2,400. A: 正确 B: 错误

At the commencement date of a lease, the right-of-use asset is always equal to the lease liability.

For short term lease, the lessee may choose not to recognize the right-of–use asset and lease liability.

‎The lease term refers to the period during which the lease has the right to use the leased assets and is irrevocable.‏