Match List I with List II:
|
List I |
List II |
||
|
A. |
Finance Lease |
I. |
The lessee and the owner of the equipment are two different entities |
|
B. |
Operating Lease |
II. |
Lessee sells an asset for cash to a prospective lessor and then leases back the same assets. |
|
C. |
Sale and Lease back |
III. |
The lessor does not transfer all the risk and rewards incidental to the ownership of the assets. |
|
D. |
Direct lease |
IV. |
The lessor transfers substantially all the risks and rewards incidental to the ownership of the assets to the lessee. |
Choose the correct answer from the options given below:
1
A- IV, B- III, C- II, D- I
2
A- IV, B- III, C- I, D- II
3
A- I, B- II, C- III, D-IV
4
A- I, B- II, C- IV, D- III