问题
单项选择题
Which of the following statements about a capital lease is FALSE（）
A. As compared to an operating lease, a capital lease will report higher operating cash flows and lower financing cash flows.
B. When a capital lease is initiated, the present value of the leased assets is treated as an investing cash flow.
C. Total cash flows are not affected by the accounting treatment of the lease.
答案
参考答案：B
解析：
The present value of the leased assets is booked to fixed assets, but the present value is not an investing cash flow because no cash moved through the company. The transaction is reported as a note to the statement of cash flows.