Question
For a long-term lease, the amount recorded initially by the lessee as a liability will most likely equal: the present value of the minimum lease
For a long-term lease, the amount recorded initially by the lessee as a liability will most likely equal:
| the present value of the minimum lease payments. | ||
| the total of the minimum lease payments. | ||
| the fair value of the leased asset. |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
