The lessor should report the Lease Receivable for a sales-type lease on its balance sheet as
A) a current asset.
B) a long-term asset.
C) a current asset for the current portion and a long-term asset for the remaining amount.
D) only a note to the financial statements.
C
Business
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A bond yielded a real rate of return of 3.87 percent for a time period when the inflation rate was 3.75 percent. What was the actual nominal rate of return?
A. 87.58 percent B. 7.62 percent C. 7.77 percent D. 8.28 percent E. .36 percent
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John Locke believed that God gave the world to men in common but only those who used and cultivated it could gain title to it
a. True b. False
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