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The Blank _ _ _ _ _ _ is a commitment by the lessee that the lessor will recover a specified residual value when the
The Blank is a commitment by the lessee that the lessor will recover a specified residual value when the asset is returned to the lessor.
Multiple choice question.
guaranteed residual value
bargain purchase option
unguaranteed residual value
executory cost
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
