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Basic Question 0 of 3
According to U.S. GAAP, a lease may be classified by a lessor as a(n) ______.
B. operating lease or a direct financing lease
C. operating lease, direct financing lease, or a sales-type lease
A. operating lease or a sales-type lease
B. operating lease or a direct financing lease
C. operating lease, direct financing lease, or a sales-type lease
User Contributed Comments 1
| User | Comment |
|---|---|
| kalps | 1. Classify as operating or capital lease 2. Then if capital then it is classified as a sales-type or direct financing lease |
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Learning Outcome Statements
contrast cash flow statements prepared under International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (US GAAP)
CFA® 2025 Level I Curriculum, Volume 2, Module 4.