Formalization tends to make employees behavior more predictable

The risk of property damage from looding is easy for private insurance companies to insure.

a. true b. false

On February 1 of the current year, Greenstein Corporation leased equipment under a six-year noncancellable lease. The estimated economic of the equipment is ten years. The fair value of the equipment is $900,000. The lease does not contain a bargain purchase option or a transfer of title. Greenstein must classify this lease as a capital lease if the present value of the minimum lease payments is

at least ________. A) $600,000 B) $675,000 C) $810,000 D) $900,000