Under IFRS

question 7

Multiple Choice

Under IFRS

• A)Disclosure of lessee future minimum lease payments for the periods within one year,within years two through five,and after five years are required.
• B)Lessees can classify some assets held under leases as investment property.
• C)The two additional lessor criteria provided under U.S.GAAP for lease revenue recognition are absent.
• D)All of the choices are correct.

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