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Basic Question 15 of 15

The following type(s) of income is (are) recognized by a lessor for direct financing leases:

I. Interest revenue
II. Gain on sale
III. Rental revenue
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User Contributed Comments 1

User Comment
johntan1979 II sales type lease
III operating lease
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

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.