Which of the following is not a required disclosure by a lessee of an operating lease?
A)rental expense for the period
B)total contingent rentals
C)the amount of any sublease rentals
D)the gross amount of assets under operating leases

Question

Quizplus · Accepted Answer

The disclosure of the gross amount of assets under operating leases is a required disclosure by a lessee of an operating lease as per ASC 840. However, the disclosure of the amount of any sublease rentals is not a required disclosure. The disclosure of rental expense for the period and total contingent rentals is also required.

Which of the Following Is Not a Required Disclosure by a Lessee