Examveda
Examveda

Type of financial security in which firms do not borrow money rather lease their assets is classified as

A. leases

B. preferred stocks

C. common stocks

D. corporate stocks

Answer: Option A

Solution(By Examveda Team)

Type of financial security in which firms do not borrow money rather lease their assets is classified as leases. A lease is a contract outlining the terms under which one party agrees to rent property owned by another party.

This Question Belongs to Commerce >> Financial Management

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