Which of the following statement about financial leases is NOT true? : The payments made...
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Finance
Which of the following statement about financial leases is NOT true? :
The payments made under a financial lease are usually sufficient to cover fully the purchase price.
A financial lease can only be cancelled with a significant penalty.
A financial lease is fully amortized. Financial leases are often relatively short-term.
Tax-oriented leases, sale and leaseback agreements, and leveraged leases are three typical types of financial leases
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