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Question 5 of 7 View Policies Current Attempt in Progress Blossom Services Inc. accounts for the lease of a truck. The lease includes a residual
Question of View Policies Current Attempt in Progress Blossom Services Inc. accounts for the lease of a truck. The lease includes a residual value guarantee at the end of the lease term of $ Blossom estimates that the likelihood that the residual value will be $ has a certainty. Blossom feels that there is a chance that the residual value will be $ and a chance that it will be $ Calculate the probabilityweighted value of the residual guarantee that needs to be included in the measurement of the lease payments liability recorded by Blossom when the lease is signed. Probabilityweighted expected value
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View Policies
Current Attempt in Progress
Blossom Services Inc. accounts for the lease of a truck. The lease includes a residual value guarantee at the end of the lease term of $ Blossom estimates that the likelihood that the residual value will be $ has a certainty. Blossom feels that there is a chance that the residual value will be $ and a chance that it will be $
Calculate the probabilityweighted value of the residual guarantee that needs to be included in the measurement of the lease payments liability recorded by Blossom when the lease is signed.
Probabilityweighted expected value
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