__________ does not result in a substantial transfer of the risks and rewards of ownership from one party to other.

CS Executive · Financial and Strategic Management · PYQS · June 2023
__________ does not result in a substantial transfer of the risks and rewards of ownership from one party to other.
(A) Finance Lease
(B) Operating Lease
(C) Hire Purchase
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Management

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