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billyd1996 billyd1996
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6 years ago
At the end of a lease, if the actual residual value exceeds the residual value guaranteed by the lessee, ________.
A) the lessor must compensate the lessee for the difference
B) the lessee must compensate the lessor for the difference
C) the lessor has no obligation to compensate the lessee for the excess
D) the lessee will record miscellaneous income
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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lolawwlolaww
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6 years ago
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billyd1996 Author
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#2
6 years ago
Going to mark this solved!
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#3
6 years ago
Perfect
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