Under AASB 117 Leases,lessors Are Required to Account for Lease

question 12

Multiple Choice

Under AASB 117 Leases,lessors are required to account for lease receipts from operating leases as:

• A)revenue,on a reducing balance basis over the lease term.
• B)income,on inception date of the lease.
• C)income,on a straight-line basis over the lease term.
• D)revenue,at the end of the lease term.

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