Under AASB 117,operating Leases Require the Following Disclosures by Lessees

question 31

Multiple Choice

Under AASB 117,operating leases require the following disclosures by lessees:

• A) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the statement of financial position date.
• B) a general description of the lessee's significant leasing arrangements.
• C) No disclosures are required as operating leases are expensed each year.
• D) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the statement of financial position date and a general description of the lessee's significant leasing arrangements.

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Definitions:

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Post-release Adjustment

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Social Re-integration

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