Question: 10. Under both IFRS and US GAAP, a lessor in an operating lease recognizes: A. selling profit at lease inception. B. a lease asset comprising

10. Under both IFRS and US GAAP, a lessor in an operating lease recognizes:

A. selling profit at lease inception.

B. a lease asset comprising the lease receivable and relevant residual value at lease inception.

C. lease receipts as income and related costs, including depreciation, as expenses over the lease term.

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