Please help me The residual value guarantee in a lease isanswer? FINANCIAL ACCOUNTING](1) Never included in lease liability(2) Always excluded from lease payments(3) Included in lease liability at present value(4) Only included if provided by lessor

Concept of Residual Value GuaranteeThe Residual Value Guarantee is a commitment made by the lessee…

Answered: The residual value guarantee in a lease…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The residual value guarantee in a lease is?
Which of the following items would not be included in the calculation of the lease liability for a finance lease? A. guaranteed residual value B. executory costs paid by the lessee to a third party C. any payments required for failure to renew or extend the lease D. bargain purchase option
Why is the concept of substance over form particularly relevant in lease accounting? a) It helps determine if a lease is effectively a purchase b) It only applies to short-term rentals c) It determines monthly payment amounts d) It focuses solely on legal ownership
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Part 1: New Lease Accounting – using IFRS 16 Leases Effect Analysis. Which payments are to be included in the measurement of lease assets and lease liabilities? Also, discuss the pros and cons of excluding the following payments from the measurement. - Variable lease payments linked to future use or sales - Optional payments relating to lease-extension option when a lessee is not reasonably certain to exercise the option.
Which of the following are not required disclosures for leases under PFRS 16? the expense relating to short-term leases restrictions or covenants imposed by leases the expense relating to variable lease payments not included in the measurement of lease liabilities total cash outflow for leases leases not yet commenced to which the lessee is committed Group of answer choices Only 5. Only 2. Only 2 and 5. All are required to be disclosed.
Which of the following is not included in the lease payments for the purpose of computing the lease liability? A. Fixed payments less any lease incentives receivable B. Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date C. Guaranteed residual value D. Contingent rent based on level of sales
1 ) If a lease does not qualify as an operating lease, how will a lessee classify the lease? (I. O Short Term O Capital O Sales-Type O Financing 1
If, as part of the accounting for a lease, the lessee debits an asset and credits a liability, then the lease must be a(n): A. finance lease. B. operating lease. C. operating lease or finance lease. D. none of the above. thanks for help
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When a lease qualifies as a finance lease, what amount is initially recorded as the cost of the right-of-use asset? A) The present value of the lease payments B) The sum of the gross (undiscounted) lease payments. O A O B « Previous Next Not saved Submit Quiz

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The residual value guarantee in a lease is answer? FINANCIAL ACCOUNTING] (1) Never included in lease liability (2) Always excluded from lease payments (3) Included in lease liability at present value (4) Only included if provided by lessor