Question 6 The account Unearned Interest : Leases should be reported on the lessor ' s financial statements as Question 7 Any initial direct costs incurred by the lessor for a lease agreement that is classified as an operating lease should be Question 8 A direct financing lease differs from a sales-type lease in that Question 9 A capital lease should be recorded in the lessee ' s accounts at the inception of the lease in an amount equal to Question 10 When a lessee makes periodic cash payments for an operating lease , which of the following accounts is increased ? Question 11 The lessee should classify a non-cancellable long-term lease as a capital lease if Question 12 A lease will be treated as a direct financing lease by the lessor when Question 13 The corporate form of organization is important to the U . S . economy because Question 14 The authorized shares of capital stock is the number of shares Question 15 In the financial statements , dividends in arrears on cumulative preferred stock should be Question 16 In accounting for a stock split , a company usually Question 17 Which of the following types of corporations is owned or operated by a government unit ? Question 18 Under the fair value method , the grant date is the date Question 19