Examlex
Which of the following may occur as you learn?
Unearned Interest Income
It is the interest earned on investments or loans that has been recorded but not yet received in cash.
Bargain Purchase Option
A lease agreement provision allowing the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.
Fair Value
An estimate of the market value of an asset or liability based on current prices in active markets for similar assets or liabilities.
Lessee
A Lessee is a person or entity who leases an asset from another, the lessor, under a lease agreement.
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