Which of the following is not one of the lease classification tests? Purchase option Lease term Transfer of ownership Collectibility
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33.
Which of the following is not one of the lease classification tests?
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- Compare the way a purchase option that is reasonably certain to be exercised and a lessee-guaranteed residual value are treated by the lessee and lessor when determining lease payments.Risks and benefits of ownership transfer to the lessee with an operating lease. true falseWhat is lease assignment? What is subletting? Explain at least one main difference between these methods.