Indicate whether the following statement is true or false: A vehicle financed by a bank is an example of an asset, which is controlled by an entity but not owned by an entity until the final instalment is paid. Select one: True O False

Indicate whether the following statement is true or false: A vehicle financed by a bank is an example of an asset, which is controlled by an entity but not owned by an entity until the final instalment is paid. Select one: True False