Which of the Following Statements Relating to Operating Leases Is

question 14

Multiple Choice

Which of the following statements relating to operating leases is NOT true?

• A) Both assets and lease obligation liabilities are recognised.
• B) Lease payments are expensed as rent expense.
• C) If they are significant,some particulars may be disclosed in the notes to the financial statements.
• D) Non-cancellable operating leases may not be reported in the balance sheet.

---

Definitions:

Compensation

refers to the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

External Locus

An individual's belief that their success or failure results from external forces or the actions of others, rather than their own efforts.

Self-Esteem

An individual's overall subjective emotional evaluation of their own worth.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well, often associated with high levels of responsibility and organization.