Which of the Following Is Not a Required Disclosure by a Lessor

question 111

Multiple Choice

Which of the following is not a required disclosure by a lessor of a sales-type lease?

• A)the guaranteed residual value accruing to the benefit of the lessor
• B)total contingent rentals included in revenue for the period
• C)unearned income
• D)a general description of the lessor's leasing arrangements

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Definitions:

Resellers

are businesses or individuals that purchases goods for the purpose of selling them again rather than using them.

Organizational Markets

Markets composed of businesses and other organizations that buy goods and services for use in their operations or in the production of other goods and services.

Amazon.com

An American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.

Contact Lenses

Thin lenses placed directly on the surface of the eye to correct vision or for cosmetic purposes.