Which of the following statements characterizes an, Ask an Expert

Accounting

Which of the following statements characterizes an operating lease?

a) The lessee records depreciation and interest.

b) The lessor records depreciation and lease revenue.

c) The lessor transfers title at the end of the lease term.

d) The lessee records a leased asset.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417169

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