A lease agreement may include all of the following types of payments. Which is not included in the definition of lease payments for the lessee? A. Purchase option when the lessee is reasonably certain to exercise the option B. Contingent rental payments C. Guaranteed residual value that is not probable of being owed D. Penalty for failure to renew the lease

A lease agreement may include all of the following types of payments. Which is not included in the definition of lease payments for the lessee? A. Purchase option when the lessee is reasonably certain to exercise the option B. Contingent rental payments C. Guaranteed residual value that is not probable of being owed D. Penalty for failure to renew the lease

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter20: Accounting For Leases

Section: Chapter Questions

Problem 8GI

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