Which of the following statements about the treatm

财务会计 已帮助: 时间:2024-10-27 09:57:21

Which of the following statements about the treatment of leases on the lessor’s financial statements is least accurate?
A.If the present value of the payments on a finance lease is greater than the carrying value of the asset, the lease is a sales-type lease on the books of the lessor.
B.In a direct financing lease, the lessor recognizes gross profit at the lease inception, while in a sales-type lease it does not.
C.To be a finance lease for the lessor, collectability must be reasonably certain and the lessor must have substantially completed performance.

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题库:财会类考试,特许金融分析师(C,CFA一级

标签:value,payments,finance

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2024-10-27 09:57:21

Ans:B.
When the PV of the lease payments is greater than the carrying value of an asset, the lessor records an immediate gross profit on sale equal to the excess of the PV over the carrying value, and the lease is termed a sales-type lease, not a direct financing lease.

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