Which of the following statement about financial leases is NOT true? Question 20 options: ...
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Which of the following statement about financial leases is NOT true?
Question 20 options:
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The payments made under a financial lease are usually sufficient to cover fully the purchase price.
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A financial lease can only be cancelled with a significant penalty.
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A financial lease is fully amortized.
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Financial leases are often relatively short term.
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Tax-oriented leases, sale and leaseback agreements, and leveraged leases are three typical types of financial leases.
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