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Basic Question 0 of 16
According to U.S. GAAP, a lease may be classified by a lessee as a(n) ______.
B. leveraged lease or a capital lease
C. operating lease or a capital lease
A. operating lease or a sales-type lease
B. leveraged lease or a capital lease
C. operating lease or a capital lease
User Contributed Comments 2
| User | Comment |
|---|---|
| lynche2012 | finance lease = capital under IFRS |
| khalifa92 | informative |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
explain the financial reporting of leases from the perspectives of lessors and lessees
CFA® 2025 Level I Curriculum, Volume 2, Module 8.