For a sales-type lease:
a) the gross profit will be lower if the residual value is unguaranteed
b) the gross profit will be higher if the residual value is guaranteed
c) the present value of the unguaranteed residual value is added
d) to determine the cost of goods sold
Answers: 1
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For a sales-type lease:
a) the gross profit will be lower if the residual value is unguaranteed <...
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