If a Lease Contains a Residual Value Guarantee,the Lessee Must

question 22

Multiple Choice

If a lease contains a residual value guarantee,the lessee must

• A)add the guaranteed amount to the present value of the minimum lease payments.
• B)add the present value of the guaranteed amount to the present value of the minimum lease payments.
• C)include the guaranteed amount in the minimum lease payments only if the lessee intends to keep the asset at the end of the lease.
• D)ignore the guaranteed amount if the lessee intends to keep the asset at the end of the lease.

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