For a sales-type lease (ASPE) or manufacturer or dealer lease (IFRS) ,
A) the sales price includes the present value of the unguaranteed residual value.
B) the present value of the guaranteed residual value is deducted to determine the cost of goods sold.
C) the gross profit will be the same whether the residual value is guaranteed or unguaranteed.
D) cost of goods sold is not recognized.
Correct Answer:
Verified
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