A capital lease is a form of:
A)lump sum note
B)installment note
C)none are correct
D)periodic payment and lump sum note

Name: A capital lease is a form of: A)lump sum note B)installment note C)none are correct D)periodic payment and lump sum note
Brand: Quizplus
Rating: 4.7 (26 reviews)

Question

Quizplus · Accepted Answer

A capital lease is considered an installment note because it typically involves regular payments over a period of time, similar to loan repayments, rather than a single lump sum payment.

A Capital Lease Is a Form Of