Which Item Is NOT Included in Amount of the Lease

question 119

Multiple Choice

Which item is NOT included in amount of the lease payment under IFRS 16?

• A) Guaranteed residual values
• B) Renewal or purchase options
• C) Executory costs
• D) Contingent rentals

---

Definitions:

Separation of Powers

The division of governmental responsibilities into distinct branches to limit any one branch from exercising the core functions of another, promoting checks and balances.

Appeals Procedure

The process through which a decision made by a lower court can be reviewed by a higher court; it outlines the steps for challenging decisions.

Mandatory Subjects

These are topics or areas which are required by law, policy, or other regulations to be covered or taught in a specific context, such as education or employment.

Collective Bargaining

The process by which employers and employee representatives negotiate conditions of employment, such as wages, hours, and working conditions.