IAS 17 Deems Cancellable Leases with Which of the Following

question 9

Multiple Choice

IAS 17 deems cancellable leases with which of the following characteristics to be non-cancellable:

• A) I
• B) II
• C) III
• D) IV.

---

Definitions:

Negative Sanctions

These are punishments or penalties imposed on members of a society or group for violating norms or laws.

Right

A moral or legal entitlement to have or do something.

Political Leaders

Individuals holding or seeking positions of governance or authority in a community, region, or nation, often responsible for making decisions that affect the collective.

Collective Body

A group of individuals or entities that act as a single entity, often for a specific purpose.