- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 8. Topics in Long-Term Liabilities and Equity
- Subject 2. Lease Classification
CFA Practice Question
A short-term lease that provides the lessee with temporary use of an asset is called, in accounting, a capital lease. True or False?
Correct Answer: False
User Contributed Comments 2
| User | Comment |
|---|---|
| Piersy | This is an operating lease |
| cong | Financing leases are more likely to result in transfer of ownership than operating leases. |