Which of the Following Costs Are Excluded from a Minimum

question 107

Multiple Choice

Which of the following costs are excluded from a minimum lease payment?

• A) a guaranteed residual value
• B) a bargain purchase option
• C) executory costs
• D) a penalty for failure to renew the lease

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Definitions:

Stethoscope

A medical instrument used to listen to sounds within the body, particularly the heart and lungs, commonly used in physical examinations.

Electronic Digital

Pertains to devices or systems that use digital technology and electronics to function, often found in computing, communications, and diagnostics.

Brachial Artery

A major blood vessel of the upper arm that supplies blood to the arm and hand.

Antecubital Space

The inner side or bend of the elbow; the site at which the brachial artery is felt or heard when a pulse or blood pressure is taken.