The Minimum Lease Payment Is Defined as Including All of the Following

question 8

Multiple Choice

The minimum lease payment is defined as including all of the following components except:

• A) bargain purchase option;
• B) contingent rentals;
• C) a guaranteed residual value;
• D) the lease payments occurring over the lease term.

---

Definitions:

Triglyceride

A type of fat (lipid) found in your blood, made up of a glycerol backbone attached to three fatty acid chains, the main form of fat stored by the body.

Wax

A diverse class of organic compounds that are malleable at slightly higher than room temperature, consisting mostly of hydrocarbons or esters of fatty acids.

Organic Compound

A chemical compound that contains carbon atoms covalently bonded to hydrogen atoms, possibly along with other elements such as oxygen, nitrogen, sulfur, and halogens.

Long-Term Energy

Refers to energy storage or potential energy resources that can be utilized over an extended period.