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Which accountants often refer to the option as

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Reference no: EM133000024

Problem 1: One of the five basic lease criteria states, "the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise." Accountants often refer to this option as a:

Select one:

a. maximum purchase option.
b. guaranteed purchase option.
c. future purchase option.
d. bargain purchase option.
e. minimum purchase option.

Reference no: EM133000024

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