答案和详解如下： 6.What type of lease requires that only the interest part of the payment be recognized as income? A) Operating lease. B) Direct financing lease. C) Sales-type lease. D) Capital lease. The correct answer was B) Also, if the lease is a capital lease and the lessor is not a dealer in the leased asset, the lease is a direct financing lease. 7.Which of the following statements regarding a direct financing lease is FALSE? A) A direct financing lease is a capital lease. B) The lessor is not a dealer or seller of the leased assets. C) The implicit rate is such that the present value of the minimum lease payments equals the cost of the leased asset. D) Interest revenue equals the implicit interest rate times the lease payment. The correct answer was D) Interest revenues are calculated by multiplying the implicit interest rate by net receivables at the beginning of the period.
8.In a direct-financing lease, the implicit rate is such that the present value of the minimum lease payments (MLPs): A) equals the sale price of the leased asset. B) is higher than the cost of the leased asset. C) equals the cost of the leased asset. D) is lower than the cost of the leased asset. The correct answer was C) In a direct-financing lease, the implicit rate is such that the present value of the MLPs equals the cost of the leased asset. Thus, at lease inception the total assets do not change and no gain is recognized.
9.In a sales-type lease, a lessor recognizes a gross profit at the inception of the lease equaling the: A) present value of the minimum lease payments (MLP) less the cost of the leased asset. B) sale price of the leased asset less the present value of the minimum lease payments (MLP). C) present value of interest revenues over the lease period. D) sale price of the leased asset plus the present value of the minimum lease payments (MLP). The correct answer was A) In a sales-type lease, the implicit interest rate is such that the present value of MLP is the selling price of the asset. At the time of the lease inception, the lessor will recognize a gain equaling the present value of the MLPs, less the cost of the leased asset.
10.Which of the following statements regarding leasing is incorrect? A) Only a dealer or seller of the leased equipment may record a lease as a sales-type lease, and only non-dealers or non-sellers may record a lease as a direct-financing lease. B) A sales-type lease is a capital lease and a direct-financing lease is an operating lease. C) With a sales-type lease, gross profit is recognized at lease inception, but with a direct-financing lease, no gross profit is recognized at lease inception. D) With a sales-type lease, total assets increase at inception but with a direct-financing lease, total assets are unchanged at inception. The correct answer was B) Both sales-type and direct-financing leases are capital leases. All of the other answers are differences between sales-type and direct-financing leases.
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发表于 2008-4-22 10:40
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