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Basic Question 0 of 23

According to U.S. GAAP, a lease may be classified by a lessee as a(n) ______.

A. operating lease or a sales-type lease
B. leveraged lease or a capital lease
C. operating lease or a capital lease
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User Contributed Comments 2

User Comment
lynche2012 finance lease = capital under IFRS
khalifa92 informative
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

explain the financial reporting of leases from the perspectives of lessors and lessees

CFA® 2025 Level I Curriculum, Volume 2, Module 8.