Which of the following facts would require a lessor to classify a lease as an operating lease?
A) No important uncertainties exist about unreimbursable costs yet to be incurred by the lessor.
B) The collectibility of the minimum lease payments is reasonably assured.
C) The lease term is 75% of the estimated economic life of the leased property.
D) The sum of the minimum lease payments is 90% of the fair value of the leased property to the lessor.
Correct Answer:
Verified
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