CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 70 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 70
Topic #: 1

When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profitor loss?

AFinance cost element of the lease payments

BDepreciationof the leased asset

CLease payments paid

DLease payments payable

ECapital repayment element of the lease payments

Show Suggested Answer

Suggested Answer: A, B

by Staci at May 31, 2023, 04:00 AM

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