Under a capital lease, the lessee does not record which of the following?

a. Rent expense
b. Capital lease obligations
c. Depreciation on the leased asset
d. Capital lease assets

A

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According to the Tax Policy Center, approximately ________ of American households did not pay any federal income taxes in the 2013 tax year

A) 15 percent B) 25 percent C) 33 percent D) 43 percent

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________ are used for applications in which the data must be processed very quickly (e.g., mass-transit applications, such as paying bus or train fares) or when contact is difficult (e.g., security-entering mechanisms to buildings)

A) Contact cards B) Contactless cards C) RFID cards D) EEPROM cards

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