Question: Which statement about the differences between operating leases and financial (Capital) leases is FALSE? a. Under financial leases, the lessee usually pays for maintenance. b.

Which statement about the differences between operating leases and financial (Capital) leases is FALSE?

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

b. Operating leases are short term

c. Financial leases must be reported on the balance sheet

d. Under operating leases, the lessee usually keeps the asset after the lease ends

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