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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 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
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.