P1.A.2.7 Leases Flashcards
1
Q
Operating Lease
P1.A.2.7 Leases
A
Lessee shall disclose:
- Rental expense for period
- Quantitative and qualitative terms and conditions
- Total minimum rentals of non-cancellable subleases
2
Q
Finance Lease
P1.A.2.7 Leases
A
The lessee shall disclose:
- Gross amount of assets acquired
- Amount of future minimum lease payments
- Total minimum rentals of non-cancellable subleases
- Quantitative and qualitative terms and conditions
- Total contingent rentals incurred during period
