Page 139 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx
P. 139
Leases
Example 6.2
Strangler hires a machine under an operating lease for 2 years with payments
to be made as follows:
Year 1 $7,500
Year 2 $12,500
Required
Prepare extracts from the statement of profit or loss and the statement of
financial position for each of the two years.
131
