Examveda

Under the terms of finance lease

A. the lessor is responsible for service and maintenance of the asset

B. it is cancellable

C. legal title to the assets with the lessee

D. the asset is capitalised in the balance sheet of the lessee

Answer: Option D


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Match List-I with List-II and select the correct answer:

List-I List-II
a. Modigliani Miller approach 1. Commercial papers
b. Net operating income approach 2. Working capital management
c. Short-term money market instrument 3. Capital structure
d. Factoring 4. Arbitrage

A. a-4, b-3, c-1, d-2

B. a-3, b-4, c-1, d-2

C. a-2, b-3, c-1, d-4

D. a-3, b-2, c-4, d-1