Top Posters
Since Sunday
Home Q & A Board Humanities Legal Studies
New Topic  
ohiosr ohiosr
wrote...
Go to Answer
Posts: 1033
Rep: 0 0
6 years ago
Given its importance, how does the accounting profession determine whether a lease is an operating lease or a purchase capital lease?
a. by observing what ledger account the transaction was recorded in
b. by determining the intentions of the lessee
c. based on whether the item being leased is a capital asset or not
d. based on whether title is likely to pass at the end of the lease period
e. by asking whether the asset is to be used short-term or long-term
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
Read 66 times
2 Replies
Replies
Answer verified by a subject expert
Existence87Existence87
wrote...
#1
Top Poster
Posts: 629
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ohiosr Author
wrote...
#2
6 years ago
Thanks for helping
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1103 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 180
  
 215
  
 234
Your Opinion
Who will win the 2024 president election?
Votes: 10
Closes: November 4
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?