Asked by
Lysandra Kenion
on Dec 02, 2024
Verified
Capital leases are often called financing leases, because they are a method of financing the permanent acquisition of equipment.
Capital Leases
A capital lease is a lease classified as an asset purchase for accounting purposes, whereby lessee records the leased asset as if it was bought.
Financing Leases
Long-term lease agreements that are categorized as a means of financing the acquisition of assets.
- Recognize various kinds of bonds and their distinctive features.
Verified Answer
KP
Learning Objectives
- Recognize various kinds of bonds and their distinctive features.
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