The basic accounting issue for lessors is:
A)revenue recognition during the lease term.
B)expense recognition during the lease term.
C)determination of the cost of the leased asset.
D)computing depreciation on the leased asset.

Question

Quizplus · Accepted Answer

Revenue recognition during the lease term is the basic accounting issue for lessors as they need to determine when and how to recognize the income generated from leasing out an asset.

The Basic Accounting Issue for Lessors Is