A lessor has an account, Equipment Leased to Others, and the related account, Accumulated Depreciation: Equipment Leased to Others, on its year-end balance sheet. How should the lease related to these accounts be classified?

A) operating lease
B) direct financing lease
C) sales-type lease
D) leveraged lease

A

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In order to terminate a. Tenancy, a tenant is typically require to give the landlord a notice

A. of at least 30 days. B. equal to the rental payment period or whatever the written agreement provides for. C. of 60 days at the arguments he has been for more than one year. D. called a three day notice to quit.

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Middlemen is an older term for intermediaries

Indicate whether the statement is true or false

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