In Relation to Finance Leases,the Following Information Must Be Disclosed

question 14

Multiple Choice

In relation to finance leases,the following information must be disclosed separately in the financial statements of lessors:
I Unearned finance income.
II Contingent rents recognised as income in the period.
III The unguaranteed residual values accruing to the benefit of the lessee.
IV The accumulated allowance for uncollectible minimum lease payments receivable.

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

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Definitions:

Reagents

Chemicals or materials introduced into a system to initiate or participate in chemical reactions.

Transformation

A broad term indicating change, in chemistry often referring to the conversion of a compound into another by chemical reaction.

Structure

The arrangement of atoms or molecules in a compound, defining its chemical properties and behavior.

Product

The result of a process or chemical reaction, typically described in the context of what is synthesized or created.