1. A capital or capitalized lease is also known as ________.
A. a leveraged lease
B. a financial lease
C. an operating lease
D. a direct lease
2. In a voluntary settlement, each creditor will be paid 20 cents on a dollar in 120 days. The remaining 80 cents on a dollar will be paid within an additional 60 days. This is an example of ________.
A. a composition
B. a combination of a composition and extension
C. an extension
D. a liquidation