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  3. Study Set
    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    A Guaranteed Residual Value Reduces the Amount of Minimum Lease
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A Guaranteed Residual Value Reduces the Amount of Minimum Lease

Question 61

Question 61

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A guaranteed residual value reduces the amount of minimum lease payments.

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