With Respect to Finance Leases,lessors Are Required Under AASB 117

question 5

Multiple Choice

With respect to finance leases,lessors are required under AASB 117 Leases,to disclose:

• A)unguaranteed residual values accruing to the benefit of the lessor.
• B)total contingent rents recognised as expense in the period.
• C)a general description of the lessee's material leasing arrangements.
• D)the aggregate of future minimum lease payments under non-cancellable leases.

---

Definitions:

Cirrhosis

Chronic, irreversible injury to liver tissue; commonly caused by frequent alcohol consumption.

Acute Diarrhea

A condition characterized by the abrupt onset of frequent, loose, water stools that lasts less than 14 days, often due to infection or toxin ingestion.

Protozoan

Heterotrophic, single-celled protist that moves by flagella, cilia, or pseudopodia.

Genetic Predisposition

An inherited increase in the likelihood of developing a particular disease based on one's genetic makeup.