Which of the Following Is True Regarding the Lease Term

Which of the following is true regarding the lease term?

A) The lease term does not include all periods covered by bargain renewal options.
B) The lease term includes all periods for which failure to renew imposes a penalty sufficiently high that the lessee probably will renew.
C) The lease term may extend beyond the date a bargain purchase option becomes exercisable.
D) The lease term does not include all periods representing renewals or extensions of the lease at the lessor's option.

Correct Answer:

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