Which One of the Following Items Is Not Part of the Minimum

question 36

Multiple Choice

Which one of the following items is not part of the minimum lease payments from the standpoint of the lessee?

• A) The minimum rental payments called for by the lease
• B) Any guarantee the lessee is required to make at the end of the lease term regarding any deficiency from a specified minimum
• C) Any estimated residual value at the end of the lease term
• D) Any payment the lessee must make at the end of the lease term to purchase the leased property under a bargain purchase option

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Definitions:

Relational

Pertaining to the way in which two or more concepts, objects, or people are connected; in business, it often refers to establishing and managing the quality of relationships.

Segregated

Kept apart from others or divided based on certain criteria, often used in contexts discussing separation due to race, gender, or other characteristics.

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