Question: Capital and operating leases differ in that the lessee a. Obtains use of the asset only under a capital lease. b. Is using the lease

Capital and operating leases differ in that the lessee

a. Obtains use of the asset only under a capital lease.

b. Is using the lease as a source of financing only under an operating lease.

c. Receives title to the asset in a capital lease.

d. Capitalizes the net investment in the lease.

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