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Under international accounting standard IAS 17, which of the following is a correct answer choice? Multiple...

Under international accounting standard IAS 17, which of the following is a correct answer choice?

Multiple Choice

1. Disclosure of lessee future minimum lease payments for the periods within one year, within years two through five, and after five years are required.
2. Lessees can classify some assets held under leases as investment property.
3. The two additional lessor criteria provided under U.S. GAAP for lease revenue recognition are absent.
4. All of these are correct answer choices.

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Answer #1

Following is the correct answer regarding international accounting standard IAS 17 as issued by International Accounting Standard Board:

1) Disclosure of lessee future minimum lease payments for the periods within one year, within years two through five, and after five years are required.

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