The methods of accounting for a lease by the lessor are: a. operating and finance lease method. b. operating and sales-type method. c. operating and leveraged lease method. d. None of the above.
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The methods of accounting for a lease by the lessor are:
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- Provide correct answer for this questionWhich of the following is a required financial statement presentation by a lessee for both capital leases and operating lease? A. Amortization Expense and Interest Expense B. Lease Expense C. Right-of-Use Asset and Lease Liability D. The reduction of the Lease Liability as a financing activityExplain the difference between operating and capital leases. How does the accounting treatment differ for each type of lease?
- Please see attachment for detailsWhich of the following is not one of the classifications for leases from the lessor’s viewpoint? Operating. Sales-type. Direct financing. Off-balance sheet.If, as part of the accounting for a lease, the lessee debits an asset and credits a liability, then the lease must be a(n): A. finance lease. B. operating lease. C. operating lease or finance lease. D. none of the above. thanks for help
- Which of the following is most likely a lessee’s disclosure about operating leases?A . Lease liabilities.B . Future obligations by maturity.C . Net carrying amounts of leased assets.In accounting for a finance lease/ Sale-type lease, how are the lessee's and lessor's income statements affected?IFRS(a) What is included in the measurement of (1) the lease liability and (2) the right-ofuse asset?(b) Besides the non-cancelable term of the lease, what are other considerations indetermining the “lease term”?(c) When should a lessee account for a lease modification? What procedures arefollowed?