According to AASB 16/IFRS 16 Leases, Because Lease Payments Are

question 14

Multiple Choice

According to AASB 16/IFRS 16 Leases, because lease payments are received from the lessee over the lease term, the receipts need to be divided into the following components: $$\begin{array} { | l | c | c | c | c | } \hline & \text { I } & \text { II } & \text { III } & \text { IV } \\\hline \text { Reduction of the lease receivable } & \text { Yes } & \text { Yes } & \text { No } & \text { Yes } \\\hline \text { Irterest reverue earned } & \text { Yes } & \text { No } & \text { Yes } & \text { No } \\\hline \text { Lease receipts } & \text { Yes } & \text { Yes } & \text { Yes } & \text { No } \\\hline \text { Cost of sale experse } & \text { No } & \text { No } & \text { Yes } & \text { Yes } \\\hline\end{array}$$

• A) I.
• B) II.
• C) III.
• D) IV.

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Definitions:

Single Letter Code

The system of representing amino acids or nucleotides using single letter abbreviations to simplify notation in sequences.

Peptide

Short chains of amino acid monomers linked by peptide (amide) bonds, playing crucial roles in biological functions.

α-Carbon

The carbon atom directly attached to a functional group in an organic molecule.

Racemic Mixtures

A mixture containing equal amounts of two enantiomers of a compound, making it optically inactive due to the canceling effect of the two forms' rotation of plane-polarized light.