In What Way Should Operating Leases Be Accounted for Under

question 17

Multiple Choice

In what way should operating leases be accounted for under IAS 17?

• A)The lease payments should be capitalized and shown on the balance sheet as an asset.
• B)The lease payments must be expensed by the lessee as they are incurred.
• C)IAS 17 is flexible, allowing both capitalization and expensing of operating lease costs.
• D)The lessee capitalizes the operating lease and the lessor expenses the lease.

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