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If the residual value of a leased asset is greater than the amount guaranteed by the lessee, the lessee:

A) pays the lessor for the difference.

B) recognizes a gain at the end of the lease term.

C) has no obligation related to the residual value.

D) pays the lessor for the difference.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9441767

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