In the context of IAS 17 (Leases), briefly explain the meaning of the term Contingent rent.

      

In the context of IAS 17 (Leases), briefly explain the meaning of the term Contingent rent.

  

Answers


Wilfred
This is that portion of the lease payments that is not fixed in amount but is based on a factor other than just the passage of time (e.g. percentage of sales, amount of usage, price indices, market rates of interest).
Wilfykil answered the question on February 8, 2019 at 07:15


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