With respect to operating leases,lessors are required under AASB 117 Leases,to make the following disclosures:
I Total contingent rents recognised as income in the period.
II Future minimum lease payments under individual,cancellable operating leases,separately.
III A general description of the lessee's leasing arrangements.
IV Future minimum lease payments under non-cancellable operating leases in aggregate.
A)I,II and III only
B)I,III and IV only
C)II and III only
D)I,II and IV only.

Question

Quizplus · Accepted Answer

AASB 117 requires lessors to disclose total contingent rents recognized as income, a general description of the lessee's leasing arrangements, and future minimum lease payments under non-cancellable operating leases in aggregate.

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