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

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Definitions:

Honestly Significant Differences

A statistical technique used to determine if the difference between two or more groups is significant and not likely due to chance.

Sample Means

The average value of a set of data points drawn from a larger population, representing an estimate of the population mean.

Analysis of Variance

Analysis of variance (ANOVA) is a statistical method used to compare the means of three or more samples to determine if at least one of the sample means is statistically significantly different from the others.

Population Variances

Population variances measure the variance of a given characteristic within an entire population, representing the dispersion of data points from the mean.