Question: When applying the present value test, lease payments determined by the lessee include: I. fixed payments. II. variable payments based on an index. III.

When applying the present value test, lease payments determined by the lessee include: I. fixed payments. II. variable payments based on an index. III. a bargain purchase option. IV. a guaranteed residual value. O I, II, and IV. O II, III, and IV. O I, II, and III. O I, II, III, and IV.

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