The lessor should divide the lease into financing lease and （ ） lease on the lease start date.
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. （ ）
In financial lease, the lessor is obligated to pay lease rent till the expiry of lease period. （ ）
The characteristics of operating lease A: Revocability B: Fully payment-ability C: Incomplete payment-ability D: Lease property is purchased in bulk by lessor
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.
What entry is required for the lessor in a finance lease? A: Lease receivable. B: Rental income. C: Interest expense. D: Depreciation expense.
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.
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.
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