Net investment in the lease for a direct financing lease (NIL-DF) is comprised of ________. A) the
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Question:
Net investment in the lease for a direct financing lease (NIL-DF) is comprised of ________.
A) the lease receivable, the future value of any unguaranteed residual asset and a reduction for any deferred profit
B) the lease receivable, the present value of any unguaranteed residual asset, and a reduction for any deferred profit
C) the lease receivable, the future value of any unguaranteed residual asset, and an addition for any deferred profit
D) the lease receivable, the present value of any unguaranteed residual asset, and an addition for any deferred profit
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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