Minimum Lease Payments Include

question 15

Multiple Choice

Minimum lease payments include:

• A) any bargain purchase option amount.
• B) any rentals paid to reimburse the lessor for executory costs.
• C) contingent rentals.
• D) unguaranteed residuals.

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Definitions:

Internalizing External Costs

The process of ensuring that the prices of goods and services fully reflect all the costs and benefits, including those impacts on the environment and human health that are not accounted for in the market price.

Environmental Degradation

The deterioration of the environment through depletion of resources such as air, water, and soil; the destruction of ecosystems; and the extinction of wildlife.

Market Price

The current value at which a commodity, security, or service can be bought or sold in a marketplace.

Economic Growth

An increase in the economic output and wealth of a country, typically measured by the gross domestic product (GDP).