Which of the following statements is true regarding the treatment of leases on the financial statements?
a. U.S. GAAP prohibits the presentation of leases on the financial statements since they are off-balance sheet transactions.
b. U.S. GAAP criteria for lease capitalization are less strict than IFRS.
c. The criteria concerning whether a lease is a capital lease are very different for IFRS and U.S. GAAP.
d. The criteria required for lease capitalization under IFRS are considered more like guidelines rather than strict rules.
d
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An organization that is committed to providing excellent customer service encourages open communication between frontline employees and all levels of management.
Answer the following statement true (T) or false (F)
Compare and contrast criminal law and civil law
What will be an ideal response?
In addition to the comments obtained from responses to the exposure drafts and pubic round tables the U.S standard procedure is done by _______.
A. managers B. auditors C. the monitoring board D. supervisors E. none of the above.
Blue Rorschach Inc. has an immediate requirement for 80 laptops and contracts with Zenzo Electronics for 80 OSN laptops at $550 each. But Zenzo Electronics breaches the contract and fails to deliver the laptops. Blue Rorschach then immediately contracts Dell Computers, buys 100 laptops at $600 per laptop, and then sues Zenzo Electronics for the breach of contract. What remedy did Blue Rorschach exercise when contracting Dell Computers and suing Zenzo for failure of delivery of goods?
A. remedy to replevy goods B. remedy to cover C. remedy to recover damages for accepted nonconforming goods D. remedy to obtain specific performance