Depreciation expense will be recorded in the accounts of the lessee and lessor for which type of leases? Lessee Lessor I. operating direct financing II. capital operating III. operating operating IV. capital sales-type ?

The employees of Leicester Services, Inc. worked the last two weeks of December, 2016. They received their paychecks on January 2, 2017. Which of the following accounts should appear on the income statement for the year ended December 31, 2016?

A) Salaries Expense B) Prepaid Expense C) Salaries Payable D) Unearned Revenue

Boundedly rational decision making tends to take a longer time to finish than rational decision making.

a. true b. false