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Basic Question 7 of 8
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 am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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.