Multiple Choice
In a sales-type lease
A) sales revenue ignores the present value of the guaranteed residual value.
B) sales revenue includes the present value of unguaranteed residual value.
C) cost of goods sold is reduced by the amount of unguaranteed residual value.
D) both sales and cost of goods sold are decreased by the present value of any unguaranteed residual values.
Correct Answer:
Verified
Correct Answer:
Verified
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