For companies engaged in direct financing leases (ASPE) or finance leases(IFRS), A.their profits are derived from leasing
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Question:
For companies engaged in direct financing leases (ASPE) or finance leases(IFRS),
A.their profits are derived from leasing their inventory at a profit.
B.they are generally manufacturers or retail stores.
C. their objective is to earn interest income on the financing arrangement with the lessee.
D.such leases are frequently operating leases.
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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