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According to AASB 16/IFRS 16 Leases, Because Lease Payments Are

Question 14

Multiple Choice

According to AASB 16/IFRS 16 Leases, because lease payments are received from the lessee over the lease term, the receipts need to be divided into the following components:  I  II  III  IV  Reduction of the lease receivable  Yes  Yes  No  Yes  Irterest reverue earned  Yes  No  Yes  No  Lease receipts  Yes  Yes  Yes  No  Cost of sale experse  No  No  Yes  Yes \begin{array} { | l | c | c | c | c | } \hline & \text { I } & \text { II } & \text { III } & \text { IV } \\\hline \text { Reduction of the lease receivable } & \text { Yes } & \text { Yes } & \text { No } & \text { Yes } \\\hline \text { Irterest reverue earned } & \text { Yes } & \text { No } & \text { Yes } & \text { No } \\\hline \text { Lease receipts } & \text { Yes } & \text { Yes } & \text { Yes } & \text { No } \\\hline \text { Cost of sale experse } & \text { No } & \text { No } & \text { Yes } & \text { Yes } \\\hline\end{array}


A) I.
B) II.
C) III.
D) IV.

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