Answer Happy

TB MC Qu. 10-72 (Static) Which of the following...
Which of the following statements regarding leasesis false?
TB MC Qu. 10-72 (Static) Which of the following... Which of the following statements regarding leases is false? Multiple Choice For a finance lease, the lessee records the leased item as its own asset. For a finance lease, the lessee amortizes the right-of-use asset acquired under the lease. Finance leases create a liability on the balance sheet. Finance leases do not transfer ownership of the asset under the lease, but operating leases often do. For a short-term lease of a few days or weeks, the lessee records payments as rental expense.