Examples of Situations in AASB 117 That Individually or in Combination

question 10

Multiple Choice

Examples of situations in AASB 117 that individually or in combination would normally lead to a lease being classified as a finance lease include:

• A)the lease transfers ownership of the asset to the lessee by the end of the lease term
• B)the lease term is for a minor part of the economic life of the asset is not transferred
• C)the lease transfers ownership of the asset to the lessor by the end of the lease term
• D)none of the above

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Definitions:

Behavioral Disturbance

Behavioral disturbance refers to actions or reactions that are not typical for the individual or situation, often impacting daily functioning or social interactions.

Alcohol Dependence

A medical condition characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences.

Alcohol-Induced Anxiety Disorder

Anxiety disorder precipitated by excessive alcohol intake, often characterized by symptoms that persist during periods of alcohol abstinence.

Significant Clinical Manifestations

Observable signs and symptoms that are critically important for the diagnosis and management of a medical condition.