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If a Company Made the Following Entry Dr. Asset under lease (A) xxCr. Lease obligation (L) xx\begin{array} { l } \text {Dr. Asset under lease (A) }&xx\\ \text {\( \mathrm{Cr} \). Lease obligation (L) }&&xx\\\end{array}

Question 16

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If a company made the following entry: Dr. Asset under lease (A)  xxCr. Lease obligation (L)  xx\begin{array} { l } \text {Dr. Asset under lease (A) }&xx\\ \text {\( \mathrm{Cr} \) . Lease obligation (L) }&&xx\\\end{array}

Under IFRS, what type of lease do they have?


A) Capital lease
B) Finance lease
C) Operating lease
D) Sales-type lease

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