Question: 29 Assuming the lessor does not incur initial direct costs, the effect of recording a direct financing lease on the books of the lessor

29 Assuming the lessor does not incur initial direct costs, the effect of recording a direct financing lease on the books of the lessor is to: A increase the amount of total assets. B replace a tangible asset with a financial asset. C replace a financial asset with a tangible asset. D significantly decrease the amount of total assets.

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Assuming the lessor does not incur initial direct costs, the effect of recording a direct financing lease on the books of the lessor is to:

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