Question: Which is statement is correct? a. Under financial leases, the lessor usually pays for maintenance. b. Capital leases can be cancelled c. Financial leases are

Which is statement is correct?

a. Under financial leases, the lessor usually pays for maintenance.

b. Capital leases can be cancelled

c. Financial leases are generally long term and cover most of the economic life of the asset

d. Under operating leases, the lessee expects to keep the asset after the lease ends

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