Which of the Following Require Disclosures to Be Made Under

question 15

Multiple Choice

Which of the following require disclosures to be made under IAS 17 and IAS 41?

• A) operating and financing leases by lessors and lessees
• B) finance leases by lessors and lessees only
• C) operating and finance leases by lessees only
• D) operating and finance leases by lessors only

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Definitions:

Discount Stores

General merchandise outlets that offer brand-name and private-label products at low prices.

Self-Service

A business model or technology that allows customers to perform services for themselves without the need for direct assistance from staff.

Fast Fashion

The rapid translation of high-fashion design trends by lower-cost manufacturer-retailers.

Online Retailing

B2C electronic commerce in which individual consumers directly buy goods or services over the Internet; also known as e-retailing.