Which of the Following Is (Are)NOT Correct Regarding Disclosure Requirements

question 53

Multiple Choice

Which of the following is (are) NOT correct regarding disclosure requirements lessees?
I.For capital leases,future minimum lease payments in the aggregate and for each of the succeeding five years must be disclosed.
II.For operating leases with initial or remaining lease terms in excess of one year,future minimum rental payments in the aggregate and for each of the five succeeding fiscal years must be disclosed.
III.For capital leases,future minimum lease payments for each of the succeeding five years must be disclosed.
IV.
For operating leases with initial or remaining lease terms in excess of one year,future minimum lease payments for each of the five succeeding fiscal years must be disclosed.

• A)I only
• B)II only
• C)Both I and II
• D)Both III and IV

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Definitions:

Extremities

The furthest points or limits of something, often referring to the limbs of the human body (arms and legs).

Alters

In the context of dissociative identity disorder, alters refer to the different identities or personalities within the same individual.

Dissociative Identity Disorder

A psychological condition involving the presence of two or more distinct personality identities or states that control an individual's behavior at different times.

Eyeglass Prescriptions

A document provided by an optometrist or ophthalmologist specifying the corrective power needed in eyeglasses to compensate for refractive errors like myopia or hyperopia.