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:

Cultural Competency

The ability to understand, communicate with, and effectively interact with people across cultures by recognizing and respecting their differences.

Pluralism

A condition or system in which multiple distinct groups, cultures, or viewpoints coexist within a society and maintain their individual traditions.

Diversity And Difference

The presence of a wide range of distinct characteristics, identities, and experiences within a group or society.

Cultural Traditions

Established patterns of behavior, practices, and beliefs that are passed down through generations within a particular society or group.