When a lease transfers substantially all the risks and rewards of ownership to lessee, this is called…..

Related MCQs

• In a land lease, if title does not pass at the end of a lease to the lessee, it is normally treated as ‘Finance lease’.
• Operating lease is
• Operating lease is :
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called
• …………….is the residual interest in the asset of an entity after deducting all liabilities
• As per IFRS15, an agreement between two or more parties that creates enforceable right and obligation is called….
• Specific principles, bases, conventions, rules and practices applied in presenting financial statements, are called,
• Applying a new policy to transaction as if that policy had always been applied. This is called,
• Principal revenue producing activity of an entity is called…
• Present value of expected future cash flows generated by an asset, plus its expected disposal value is called.