Define each of the following terms: a. Lessee; lessor b. Operating lease; financial lease; sale-and-leaseback; combination lease;
Question:
a. Lessee; lessor
b. Operating lease; financial lease; sale-and-leaseback; combination lease; synthetic lease; SPE.
c. Off-balance sheet financing; .capitalizing
d. FASB Statement 13
c. Guideline lease
f. Residual value
g. Lessee’s analysis; lessor’s analysis
h. Net advantage to leasing (NAL)
i. Alternative minimum tax (AMT)
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a The lessee is the party leasing the property The party receiving the payments from the lease that is the owner of the property is the lessor b An operating lease sometimes called a service lease pro...View the full answer
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