In a Lease That Is Appropriately Recorded as a Direct

question 48

Multiple Choice

In a lease that is appropriately recorded as a direct financing lease (ASPE) or finance lease (IFRS) by the lessor, the unearned interest income is

• A) amortized and taken into income over the lease term using the effective interest method.
• B) amortized and taken into income over the lease term using the straight-line method.
• C) taken into income at the inception of the lease.
• D) taken into income at the end of the lease.

---

Definitions:

Empirical Research

The process of collecting and analyzing data through observation and experimentation to gain knowledge or prove theories.

Behavioural Approach

A psychological perspective focusing on observable behaviors and how they're learned through interaction with the environment.

Cognitive Approach

A psychological perspective that emphasizes the importance of internal mental processes in understanding human behavior.

Person-Centred Theory

A psychological approach that emphasizes the importance of the individual's self-concept and the inherent capacity for personal growth and self-healing.