Which of the following typically creates an entitlement of the lessor to receive?a.Leaseb.Agreementc.Receiptd.Notes

To determine which option typically creates an entitlement of the lessor to receive payment or benefits, let's analyze each option:

1. Lease: A lease is a contract where one party (the lessor) grants another party (the lessee) the right to use an asset for a specified period in exchange for payments. This contract clearly establishes the obligation of the lessee to make payments to the lessor, thereby creating an entitlement.

2. Agreement: While a lease is a type of agreement, the term "agreement" is too broad and does not specifically imply that the lessor is entitled to receive anything unless it’s explicitly related to a lease.

3. Receipt: A receipt is a document acknowledging that payment has been made. It does not create an entitlement; rather, it confirms that an obligation has been fulfilled.

4. Notes: In the context of financial transactions, notes may represent obligations to pay but are not specifically tied to the entitlement of the lessor in a leasing context.

Conclusion:

The correct answer is a. Lease, as it directly establishes the entitlement of the lessor to receive payments from the lessee.