Which Statement Is Correct About the "Guaranteed Residual Value

question 3

Multiple Choice

Which statement is correct about the "guaranteed residual value"?

• A)It is included in the minimum lease payment calculation.
• B)Lessee assumes the risk of the property falling below the guaranteed amount.
• C)Lessor assumes the risk of the property falling below the guaranteed amount.
• D)It is an executory cost in the lease arrangement.

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Definitions:

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