Multiple Choice
A noncancelable lease contains a bargain purchase option.The fair value of the asset exceeds the lessor's cost of the asset.Collectibility of the lease payments is assured and there are no material cost uncertainties surrounding the lease.Therefore,the lease will be accounted for by the lessor as a(n) :
A) Sales-type lease.
B) Direct financing lease.
C) Operating lease.
D) Guaranteed lease.
Correct Answer:
Verified
Correct Answer:
Verified
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