Question: 1. What is the difference between 'lease payments for the lessee' and 'lease payments for the lessor'? 2. Identify three possible adverse effects on a

1. What is the difference between 'lease payments for the lessee' and 'lease payments for the lessor'? 2. Identify three possible adverse effects on a lessee's nancial statements arising from recognition of a lease arrangement on the statement of nancial position

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2. The purpose of the acquisition of the information.

1. What is the meaning of the information we are collecting?

3. How much information do we need to collect?