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If a company uses off-balance-sheet financing, assets have been acquired ?

A. For cash.

B. With operating leases.

C. With financing leases.

D. With a line of credit.

Accounting Auditing Financial Accounting CMA
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Question added by Deleted user
Date Posted: 2015/04/10
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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(B) is the Correct Ans.

 

Operating Lease.

MOHAMMED KHATER
by MOHAMMED KHATER , Financial Accountant , الرياض

ANSWER

C. With financing leases.

Nadeem Aslam
by Nadeem Aslam , Senior Accountant , Central Bureau Recruitment Services (Part of OTI Group)

Right answer is C. Assets is acquired by Financing Lease.

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