Multiple Choice
A noncancellable lease contains a bargain purchase option. The fair value of the asset is greater than the lessor's cost. Collectability of the lease payments is reasonably assured, and no material uncertainties about future costs exist. How will the lessor account for the lease?
A) direct-finance lease
B) operating lease
C) sales-type lease
D) guaranteed lease
Correct Answer:
Verified
Correct Answer:
Verified
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