Read across from the Lease Type column and choose the answer choice which best r

Question

Read across from the Lease Type column and choose the answer choice which best represents the type of activities le related cash flows are reported as on the statement of cash flows by lessor and lessee Lease Type Finance Sales-Type: Finance Sales Finance / Sales-Type: Finance / Sales-Type Both Operating and Financing Operating Operating Operating Operating Lessor Operating only Operating only Both Operating and Financing Operating only Operating only Operating only Both Operating and Financing Lessee Operating only Both Operating and Financing Both Operating and Financing Both Operating and Financing Operating only Financing only Both Operating and Financing Operating only -Type Multiple Choice Option d Option a Option c Option b

Explanation / Answer

answer is

option a

both lessor and lesse are for operating leases comes in cashflow operating activities

in finance /sale type

lessor comes in operating activity foe lessee comes in both operating and financing

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