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Which of the following is not a required disclosure by a lessee of
an operating lease?
Question 2
Which of the following facts would require a lessee to classify a
lease as a capital lease?
Question 3
When a lessor receives cash on an operating lease, which of the
following accounts is increased?
Question 4
FASB's rules concerning leases are an attempt to record in the
financial statements
Question 5
As a generalized statement regarding lease accounting, which
statement best describes U.S. versus international accounting
principles?
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