1.

In a lease agreement, the guaranteed residual value is:

Select one:

a. the residual value of the leased asset guaranteed by the lessor, or third party related to lessor.

b. the sum of the minimum lease payments receivable by the lessor.

c. the residual value of the leased asset guaranteed by the lessee, or third party related to lessee.

d. Incremental costs that are directly attributable to a lease.

2.

Omega Limited has shown a provision for employee benefits balance of $6,000 under current liabilities in their balance sheet. The tax rate is 30%. The deferred tax item to be recognised by Omega Limited is:

Select one:

a. Deferred tax asset of $6,000.

b. Deferred tax liability of $1,800.

c. Deferred tax asset of $1,800.

d. Deferred tax liability of $6,000.

Don't need explanation only need correct answer