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Provide relevant information in a manner

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Problem 1: According to paragraph 1 of AASB 16, the objective of the standard is: 'to ensure that _______________ provide relevant information in a manner that faithfully represents those transactions. This information gives a basis for users of financial statements to assess the effect that leases have on the financial position, financial performance and cash flows of an entity.'

Option 1: lessees and lessors

Option 2: lessees

Option 3: lessors

Option 4: contracts

Reference no: EM132623841

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