Which of the Following Is Not One of the Situations

question 1

Multiple Choice

Which of the following is not one of the situations provided in AASB 117 in relation to the classification of leases as finance leases?

• A)Losses from the fluctuation of the fair value of the residual accrue to the lessee
• B)Leased assets are of a specialised nature
• C)The lessee has provided a guarantee that they will acquire the asset at the end of the lease term
• D)The lease is for a major part of the economic life of the asset.

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Definitions:

Heavy Workload

The condition of having a large amount of work to do in a limited amount of time.

Role Conflict

A condition of being faced with incompatible role expectations.

Role Ambiguity

Lack of clarity of job goals or methods.

Heavy Responsibility

The burden or obligation of significant duties or tasks that have critical consequences for success or failure.