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:

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