Define and explain each of them and the proper accounting, Accounting Basics

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Define and explain each of them and the proper accounting

Question: Define and explain each of them and the proper accounting treatment of them:

a. What is a bargain purchase option and when do the parties to a lease know if it exists?

b. Differentiate between guaranteed and unguaranteed residual value of leased property.

c. Executory costs.

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Accounting Basics: Define and explain each of them and the proper accounting

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Accounting Basics: Define and explain each of them and the proper accounting

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