The Following Is an Extract from a Lease Payment Schedule

question 45

Multiple Choice

The following is an extract from a lease payment schedule for Lessee Pty Limited. Assuming Lessee Pty Limited uses the current/non-current dichotomy to disclose liabilities, what are the amounts of (a) current liabilities; and (b) non-current liabilities, relating to this lease, disclosed by Lessee Pty Limited at 30 June 2012?

• A) (a) current 2,601; (b) non-current 26,012.
• B) (a) current 1,976; (b) non-current 13,268.
• C) (a) current 1,796; (b) non-current 15,243.
• D) (a) current 1,633; (b) non-current 17,039.
• E) Cannot determine from the information provided above.

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Definitions:

Impotence

A medical condition also known as erectile dysfunction, where a man is unable to achieve or maintain an erection suitable for sexual intercourse.

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A major male sex hormone responsible for the development of male physical characteristics, but also found in females in smaller amounts.

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