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Basic Question 1 of 3
The lease term includes: all terms prior to the exercise date of the bargain purchase option, all bargain renewal terms, and all renewal terms at the lessor's option. True or False?
User Contributed Comments 3
| User | Comment |
|---|---|
| ashpan | Why is the first option true? |
| thekapila | first option is true because before bargain purchase option its still leased to lessee by leasor |
| jainrajeshv | In case of operational lease bargain renewal terms are not there |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
explain the financial reporting of leases from the perspectives of lessors and lessees
CFA® 2024 Level I Curriculum, Volume 2, Module 8.