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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
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain the financial reporting of leases from the perspectives of lessors and lessees

CFA® 2025 Level I Curriculum, Volume 2, Module 8.