Mama Co. (lessor). The annual lease payment is itemized for dump truck; and (4) administrative tasks. Daddy intends to the following: (1) a backhoe, (2) backhoe accessories, (3) a 20. According to PFRS 16, lease liabilities are presented in the use the backhoe in its gold mining site, and the dump truck to backhoe is suitable for Daddy's intended use only with the transfer excess materials in any of its various mining sites. The accessories. From the perspective of Daddy, the lease contract duhe backhoe in its gold mining site, and the dump truck to ransfer excess materials in any of its various mining sites, The backhoe is suitable for Daddy's intended use only with the contains a. three separate lease components. b. two separate lease components. c. two separate lease components and one separate non-lease component. d. many, many things. 19. Which of the following does not cause a subsequent remeasurement of the lease liability? a. a change in the lease term b. a change in the expected exercise of a purchase option C. a change in the expected amount to be payable under a residual value guarantee d. the lessee subleases the head lease which is being accounted for under the general recognition of PFRS 16 20. According to PFRS 16, lease liabilities are presented in the lessee's statement of financial position
Mama Co. (lessor). The annual lease payment is itemized for dump truck; and (4) administrative tasks. Daddy intends to the following: (1) a backhoe, (2) backhoe accessories, (3) a 20. According to PFRS 16, lease liabilities are presented in the use the backhoe in its gold mining site, and the dump truck to backhoe is suitable for Daddy's intended use only with the transfer excess materials in any of its various mining sites. The accessories. From the perspective of Daddy, the lease contract duhe backhoe in its gold mining site, and the dump truck to ransfer excess materials in any of its various mining sites, The backhoe is suitable for Daddy's intended use only with the contains a. three separate lease components. b. two separate lease components. c. two separate lease components and one separate non-lease component. d. many, many things. 19. Which of the following does not cause a subsequent remeasurement of the lease liability? a. a change in the lease term b. a change in the expected exercise of a purchase option C. a change in the expected amount to be payable under a residual value guarantee d. the lessee subleases the head lease which is being accounted for under the general recognition of PFRS 16 20. According to PFRS 16, lease liabilities are presented in the lessee's statement of financial position
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Mama Co. (lessor). The annual lease payment is itemized for
the following: (1) a backhoe, (2) backhoe accessories, (3) a
dump truck; and (4) administrative tasks. Daddy intends to
transfer excess materials in any of its various mining sites. The
use the backhoe in its gold mining site, and the dump truck to
accessories. From the perspective of Daddy, the lease contract
backhoe is suitable for Daddy's intended use only with the
Leases
duhe backhoe in its gold mining site, and the dump truck to
kackhoe is suitable for Daddy's intended use only with the
contains
a. three separate lease components.
b. two separate lease components.
c. two separate lease components and one separate non-lease
component.
d. many, many things.
19. Which of the following does not cause a subsequent
remeasurement of the lease liability?
a. a change in the lease term
b. a change in the expected exercise of a purchase option
C. a change in the expected amount to be payable under a
residual value guarantee
d. the lessee subleases the head lease which is being
accounted for under the general recognition of PFRS 16
20. According to PFRS 16, lease liabilities are presented in the
lessee's statement of financial position
a. separately from the other liabilities of the lessee.
together with other liabilities, with disclosure of the line
items that include the lease liabilities.
a or b
C.
d. hot presented in the lessee's financial statements but only
in the lessor's financial statements
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