With respect to finance leases,lessors are required under AASB 117 Leases,to disclose:
A)unguaranteed residual values accruing to the benefit of the lessor.
B)total contingent rents recognised as expense in the period.
C)a general description of the lessee's material leasing arrangements.
D)the aggregate of future minimum lease payments under non-cancellable leases.

Question

Quizplus · Accepted Answer

AASB 117 requires lessors to disclose unguaranteed residual values accruing to their benefit, as it impacts the calculation of the lease receivable and income recognition.

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