Question: If it is reasonably certain that the lessee will exercise a purchase option: Multiple Choice The lease is classified as a finance/sales-type lease. Both the

If it is reasonably certain that the lessee will exercise a purchase option: Multiple Choice The lease is classified as a finance/sales-type lease. Both the lessee and the lessor consider the exercise price of the option to be an additional cash payment. Its assumed that the lease term ends on the date that the option is expected to be exercised. All of these answer choices are correct.

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