CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

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
Correct Answer: C

For the lessee, leases are classified as either capital leases or operating leases.

User Contributed Comments 2

User Comment
lynche2012 finance lease = capital under IFRS
khalifa92 informative
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