q7

13. Which table has a factor of 1.00000 for 1 period at every interest rate? (2 points) Present value of an ordinary annuity due of 1 Future value of an ordinary annuity of 1 All of the above None of the above 14. In calculating the present value of the minimum lease payments, IFRS requires the lessee should (3 Points) use either its incremental borrowing rate or the interest rate implicit in the lease, whichever is lower. use the interest rate implicit in the lease whenever this is reasonably determinable, Derwise use the lessee's incremental borrowing rate use its incremental borrowing rate in all cases use either its incremental borrowing rate or the interestrate implicitin the lease, whichever is higher