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AASB 16/IFRS 16 requires manufacturer and dealer lessors to recognise selling profit or loss: O systematically over the lease term. O 50% at commencement of the lease and 50% at the end of the lease. O at the commencement of the lease. O at the end of the lease.

AASB 16/IFRS 16 requires manufacturer and dealer lessors to recognise selling profit or loss: O systematically over the lease term. O 50% at commencement of the lease and 50% at the end of the lease. O at the commencement of the lease. O at the end of the lease.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AASB 16/IFRS 16 requires manufacturer and dealer lessors to recognise selling profit or loss: O systematically over the lease term. O 50% at commencement of the lease and 50% at the end of the lease. O at the commencement of the lease. O at the end of the lease.
Transcribed Image Text:AASB 16/IFRS 16 requires manufacturer and dealer lessors to recognise selling profit or loss: O systematically over the lease term. O 50% at commencement of the lease and 50% at the end of the lease. O at the commencement of the lease. O at the end of the lease.
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