With respect to operating leases, lessors are required under IAS 17 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

Under IAS 17, lessors must 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 IAS