With Respect to Operating Leases,lessors Are Required Under AASB 117

question 11

Multiple Choice

With respect to operating leases,lessors are required under AASB 117 Leases,to make the following disclosures:
I Total contingent rents recognised as income in the period.
II Future minimum lease payments under individual,cancellable operating leases,separately.
III A general description of the lessee's leasing arrangements.
IV Future minimum lease payments under non-cancellable operating leases in aggregate.

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

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Definitions:

Plant Layouts

The arrangement of machinery, equipment, and other industrial facilities within a factory or production site, designed to optimize efficiency and workflow.