单选题

Which of the following statements about leasing is FALSE?（）

A、 The interest rate implicit in a lease is the discount rate that the lessor used to determine the lease payments.
B、 When a sale leaseback represents substantially the entire asset, any profit from the sale must be deferred and amortized over the life of the lease.
C、 If it is determined that the less or is only financing the purchase of an asset, the capital lease is considered to be a direct financing lease. In this case gross profits must be recognized at the inception of the lease.

【正确答案】 C

【答案解析】

To be true, the profit is recognized as interest revenue over the life of the lease. The sales type lease allows the lessor to recognize profits at the lease inception.