Which of the Following Is Not a Supplemental Disclosure by the Lessee

question 13

Multiple Choice

Which of the following is not a supplemental disclosure by the lessee required by SFAS No. 13 for noncancellable operating leases in excess of one year?

• A)Future minimum rental payments in aggregate and for each of the succeeding five periods
• B)The present value of minimum lease payments
• C)Total minimum rentals to be received under non-cancellable subleases
• D)Rental expenses with separate totals for minimum rentals, contingent rentals, and sublease rentals

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Definitions:

Cost-volume-profit Analysis

An analytical tool used to determine how changes in cost, volume, and profit affect a company's profit.

Sales Mix

The proportion of different products or services that a company sells, intended to maximize profitability.

Relevant Range

The relevant range refers to the range of activity or volume over which the assumptions about variable and fixed cost behaviors hold true for management decision-making purposes.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product and are a part of the final product.