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The Lease Term Includes the Fixed Non-Cancellable Term of the Lease

Question 74

Multiple Choice

The lease term includes the fixed non-cancellable term of the lease plus


A) any periods covered by an ordinary renewal option during which a guarantee by the lessee of the lessor's debt related to the leased property is expected to be in effect
B) any periods covered by a bargain renewal option
C) any periods for which failure to renew the lease imposes a significant penalty on the lessee
D) all of these

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