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What is the objective of the disclosures for lessors?
What is the objective of the disclosures for lessors?
- To provide information on the types of leases offered
- To disclose information that allows users to assess the effect of leases on the lessor's financial position, performance, and cash flows (correct)
- To provide detailed information on the lessor's leasing activities
- To disclose information on the lessor's revenue and expenses from leasing activities
What must lessors disclose for finance leases?
What must lessors disclose for finance leases?
- The date the lease was signed
- The name of the lessee
- The finance income and net investment in the lease (correct)
- The residual value of the leased asset
What disclosure requirements must be applied for operating leases?
What disclosure requirements must be applied for operating leases?
- The disclosure requirements of NZ IAS 16 for intangible assets being leased
- The disclosure requirements of NZ IAS 36 for impairment of assets being leased
- The disclosure requirements of NZ IAS 40 for investment property being leased
- The disclosure requirements of NZ IAS 16 for PPE being leased (correct)
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