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Home Q & A Board Other Fields Homework Help Business Accounting
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caitlynhartzog caitlynhartzog
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6 years ago
What amount of sales is recognized by the lessor in a sales type lease when the residual value is
guaranteed?
A) market value of the asset leased
B) cost of asset leased
C) market value of asset leased less present value of unguaranteed residual value
D) cost of asset leased less present value of unguaranteed residual value
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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hiitsskyhiitssky
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6 years ago
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#2
6 years ago
White Heavy Checkmark Correct!
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