The Following Is an Extract from a Lease Payment Schedule

question 66

Multiple Choice

The following is an extract from a lease payment schedule for Lessee Pty Limited.Assuming Lessee Pty Limited uses the current/non-current dichotomy to disclose liabilities,what are the amounts of (a) current liabilities; and (b) non-current liabilities,relating to this lease,disclosed by Lessee Pty Limited at 30 June 2012? $$\begin{array} { | c | c | c | c | } \hline \text { Date } & \begin{array} { c } \text { Lease } \\\text { payment }\end{array} & \begin{array} { c } \text { Interest } \\\text { expense }\end{array} & \begin{array} { c } \text { Present value of } \\\text { lease liability }\end{array} \\\hline 01 \text { July } 2009 & & & 21506 \\\hline \text { 30 June 2010 } & 3500 & 2151 & ? \\\hline\end{array}$$

• A) (a) current 2601; (b) non-current 26 012
• B) (a) current 1976; (b) non-current 13 268
• C) (a) current 1796; (b) non-current 15 243
• D) (a) current 1633; (b) non-current 17 039

Recognize the significance of scientific management and its practical applications in the workplace.

Distinguish between the different schools of management thought and their underlying assumptions regarding human behavior and motivation.

Comprehend the concept of bureaucracy, its characteristics, and its implications for organizational design and efficiency.

Appreciate the evolution of management thought from classical approaches to more contemporary theories including behavioral and systems approaches.

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Definitions:

Grammar Mastery

The ability to use and understand the rules and structure of a language correctly and effectively.

Syntax

Syntax is the set of rules, principles, and processes that govern the structure of sentences in a language, including word order and punctuation.

Nomenclature

A system of names or terms, or the rules for forming these terms in a particular field of arts or sciences.

Categorization

Categorization is the cognitive process of organizing objects, ideas, or experiences into groups or categories based on shared characteristics or features.