The Criteria That Normally Need to Be Recognised for a Non-Cancellable

question 10

Multiple Choice

The criteria that normally need to be recognised for a non-cancellable lease to be capitalised by a lessee IAS 17/AASB 117) is:

• A)The lease term is for the major part of the economic life of the asset
• B)At the inception of the lease,the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset
• C)Both A and B
• D)Either A or B

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Definitions:

Independent Research Firm

An organization that conducts studies and analysis without affiliation to any parties that may influence the outcomes.

Sports Drinks

Drinks formulated to assist sportspeople in rehydrating, along with restoring electrolytes, sugar, and various nutrients, amid or following exercise.

ANOVA

Analysis of Variance, a statistical method used to assess whether there are significant differences between the means of three or more groups.

MST

An abbreviation that could refer to multiple subject terms, one common being Minimum Spanning Tree, a concept in graph theory used to minimize the path lengths connecting all points in a network.