The basic difference for the lessor between a direct financing lease and a sales-type lease: a. there is no difference for the lessor between a direct financing lease and a sales-type lease.
b. the lessor reimburses to the lessee the executory costs.
c. in a sales-type lease, the profit is recognized immediately. In a direct financing lease, the profit is deferred and recognized over the life of the lease.
d. in a direct financing lease, the profit is recognized immediately. In a sales-type lease, the profit is deferred and recognized over the life of the lease.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east westsales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 )the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss) of: multiple choice$91,900$(64,100)$(142,000)$(50,100)