问题
单项选择题
A firm is most likely to structure a lease as an operating lease rather than a capital lease, when it:（）
A. has a high debt-to-equity ratio.
B. is very profitable.
C. does not have debt covenants.
答案
参考答案：A
解析：
A firm with a high debt-to-equity ratio is more likely to use an operating lease instead of a capital lease. Use of an operating lease avoids the recognition of debt on the lessee’s balance sheet and will not increase the debt-to-equity ratio.
