Question
A lessee's option to purchase a leased asset at a price that is substantially lower than the asset's fair value is referred to as a
A lessee's option to purchase a leased asset at a price that is substantially lower than the asset's fair value is referred to as a ________.
A. bargain purchase option
B. guaranteed purchase option
C. early purchase option
D. residual purchase option
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
