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

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Definitions:

Exceptional Coverage

Special or unusual insurance coverage that goes beyond the standard policy, catering to specific or extraordinary needs.

Adjuster

A professional who investigates insurance claims to determine the extent of the insurer's liability.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, primarily in contexts like insurance or gifts.

Third-Party

An individual or group besides the two primarily involved in a contract or transaction.