Which of the Following Is Not a Condition Which Would

question 127

Multiple Choice

Which of the following is not a condition which would require the recording of a lease contract as a finance lease?

• A) The lease transfers ownership of the property to the lessee.
• B) The lease contains a bargain purchase option.
• C) The lease term is a minor portion of the economic life of the leased property.
• D) The present value of the lease payments represents substantially all of the fair value of the leased property.

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