FAS 13 Sets Forth Four Criteria for Determining Whether or Not

FAS 13 sets forth four criteria for determining whether or not a lease must be classified as a capital lease.How many of these criteria must be met for capital lease classification?

A) All four criteria
B) Any three of the four
C) Any two of the four
D) Any one of the four
E) Any two of the four provided the lessee has ownership rights at the end of the lease

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