This Includes Any Capital Gain (Or Loss) That Occurred as Well

question 15

Multiple Choice

This includes any capital gain (or loss) that occurred as well as any income that you received from a specific investment.

• A) average return
• B) dollar return
• C) market return
• D) portfolio

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Definitions:

Lease Receipts

Income received from leasing out an asset to a lessee under a lease agreement.

Finance Lease

A lease agreement that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.

AASB 16

An accounting standard issued by the Australian Accounting Standards Board specifying the principles for recognition, measurement, presentation, and disclosure of leases.

IFRS 16

The International Financial Reporting Standard issued by the IASB which specifies how an IFRS reporter will recognize, measure, present, and disclose leases.