A ____________ is a lease that transfers substantially all the risks a – McqOptions

MCQOPTIONS

1.	A ____________ is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.
A.	Finance lease
B.	Operating lease
C.	Lessor
D.	Contract
Answer» B. Operating lease

Discussion

No Comment Found

Related MCQs

In external reconstruction, the liquidated company is called ______________________.
___________ establishes principles for presenting and preparing consolidated financial statements when an entity controls one or more other entities.
______________ is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.
A _________ includes the income and expenses of a subsidiary in the consolidated financial statements from the date it gains control until the date when the reporting entity ceases to control the subsidiary.
___________ transactions are transactions between entities within a group of entities and that group is consolidated into one set of Consolidated Financial Statements.
When one company takes over the management of the target company with the permission of the board, it is known as ________________ takeover.
The _____________ account appear in the Balance Sheet of the Holding company at the time of consolidation.
__________ is the corporate management term for the act of reorganizing the legal, ownership, operational or other structures of a company for the purpose of making it more profitable or better organized for its present needs.
All business combinations must be treated as _________ for accounting purposes.
A merger is defined as the joining of two or more companies to form a single legal entity.