Multiple Choice
Which of the following regarding financing leases and operating leases under lessors and lessees is not true?
A) The lessor model requires that most leases be recognized as financing leases
B) The lessor model requires a relatively long-term leases-usually those more than one year in duration- would be recorded as an operating lease.
C) The lessee model uses a "right to use" concept deal with financing leases
D) The lessee model records operating lease payments as an expense when paid.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Consider a situation where accumulated depreciation is
Q15: In which ways)are intangible assets under IFRS
Q16: Which of the following regarding operating lease
Q17: Which of the following standards would exist
Q18: The impairment of debt investments are treated
Q19: When the revaluation results in an increase,a
Q20: Recoverable amount is the higher of the
Q21: Which of the following is a correct
Q22: Which of the following is not a
Q23: Which of the following is not the