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There are five basic criteria for a lease be considering a FINANCE lease. Which one...

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Accounting

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There are five basic criteria for a lease be considering a FINANCE lease. Which one of these criteria is NOT sufficient for a lease to be considered a financing lease? Multiple Choice The lessee has the option of acquiring the asset during or at the end of the lease term at a bargain price. The lease transfers ownership of the leased asset to the lessee at the end of the lease term. The present value of the lease payments is substantially all of the fair value of the leased asset. The iease term is greater than fwo-thirds of the economic lise of the asset

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