Question
15.Which of the following statement is incorrect in accordance with AASB16 Leases? Group of answer choices a.The income statement consequences of a lease recognised on
15.Which of the following statement is incorrect in accordance with AASB16 Leases?
Group of answer choices
a.The income statement consequences of a lease recognised on the Balance Sheet only includes interest expense.
b.Holding all other things constant, recognising a new lease on the Balance Sheet would increase a companys leverage ratio.
c.Both A and B.
d.There must be control of an identified asset in a lease contract.
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AML Auditing Understanding Transaction Monitoring
Authors: Bob Walsh
1st Edition
1539519740, 978-1539519744
