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.

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Definitions:

Blood Pressure

The force of circulating blood on the walls of blood vessels, typically measured to assess health conditions.

Reduced Cholesterol

A decrease in the levels of cholesterol in the bloodstream, which can lower the risk of heart disease.

Blood-Clotting

A physiological process where blood changes from a liquid to a gel, forming a blood clot to stop bleeding.

Self-Control

The potential to discipline one's emotional reactions, contemplations, and movements in the realm of inducements and hasty impulses.