Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease? A)Accumulated depreciation on the leased asset B)Capital lease liability in the current liability section C)Capital leases liability in the long-term liability section D)Rent expense on the income statement

Question

Quizplus · Accepted Answer

Rent expense appears on the income statement, not the balance sheet.

Which of the Following Accounts Would not appear on the Balance