Q976
Type of financial security in which firms do not borrow money rather lease their assets is classified as
A.
leases
AnswerB.
preferred stocks
C.
common stocks
D.
corporate stocks
Answer: Option A
Solution
Answer: Option A
Solution:
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.