Which of the following is a disclosure that a lessee must make within its financial statements?
A) aggregated lease payments on both capital and operating leases for the next five years
B) the original amounts of debt associated with each lease
C) rent expense for the three-year period covered by the income statement
D) the original cost of assets leased under operating leases

Question

Quizplus · Accepted Answer

Rent expense is a required disclosure for lessees under both IFRS and US GAAP.

Which of the Following Is a Disclosure That a Lessee