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Which of the following statement about financial leases is NOT true? Question 20 options: ...

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Finance

Which of the following statement about financial leases is NOT true?

Question 20 options:

The payments made under a financial lease are usually sufficient to cover fully the purchase price.

A financial lease can only be cancelled with a significant penalty.

A financial lease is fully amortized.

Financial leases are often relatively short term.

Tax-oriented leases, sale and leaseback agreements, and leveraged leases are three typical types of financial leases.

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