Under IFRS,which of the Following Is an Indicator of a Situation

question 57

Multiple Choice

Under IFRS,which of the following is an indicator of a situation (individually or in combination) that could lead to a lease being classified as a finance lease?

• A)If the lessor can cancel the lease,the lessee's losses associated with the cancellation are borne by the lessor.
• B)The lessee has the ability to continue the lease for a secondary period at a rent that is substantially lower than market rent.
• C)Gains or losses from the fluctuation in the fair value of the residual accrue to the lessor.
• D)All of the choices are indicators.

---

Definitions:

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of haploid sex cells or gametes.

Cell Plate

Structure across a dividing plant cell that signals the location of new plasma membranes and cell walls.

Animal Cells

Eukaryotic cells that lack cell walls, chloroplasts, and have a more complex structure including a nucleus and other membrane-bound organelles.

Plant Cells

The basic structural and functional units of plants, distinguished by their ability to perform photosynthesis through organelles called chloroplasts and having cell walls made of cellulose.