Question
19. A lessEE recording a capital lease includes in the present value computations all of the following EXCEPT a. bargain purchase price b. executory costs
19. A lessEE recording a capital lease includes in the present value computations all of the following EXCEPT
a. bargain purchase price b. executory costs c. guaranteed residual value d. annual rental payments
20. After ASU 2016-02, the present value of minimum lease payments should be used by the lessee in determining the amount of a lease liability under a lease classified as a(n)
Capital Lease Operating Lease
A) Yes Yes
B) Yes No
C) No No
D) No Yes
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
