Define the following terms used in FASB Statement No. 13 as Amended: (a) Inception of lease, (b)

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Define the following terms used in FASB Statement No. 13 as Amended:
(a) Inception of lease,
(b) Bargain purchase option,
(c) Unguaranteed residual value,
(d) Implicit interest rate,
(e) Initial direct costs.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:48 AM

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Define the following terms used in FASB Statement No. 13 as Amended: (a) Inception of lease, (b)

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a Inception of lease is the date of the lease agreement or if the leased property is being construct...View the full answer

Intermediate Accounting

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