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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 using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain the financial reporting of leases from the perspectives of lessors and lessees
CFA® 2026 Level I Curriculum, Volume 2, Module 8.