As a generalized statement regarding lease accounting, which statement best compares U.S. GAAP and IFRS?

A) IFRS for leases are more principles-based than GAAP.
B) IFRS for leases are more rules-based than GAAP.
C) IFRS and GAAP are similarly rules-based.
D) IFRS and GAAP are similarly principles-based.


A

Business

You might also like to view...

A union avoidance approach that involves harassment, demotion, or discharge of union activists is known as union ________.

What will be an ideal response?

Business

A sale exists when the buyer takes:

A) title to the goods. B) the risk of loss on the goods. C) an insurable interest in the goods. D) a special property interest in the goods.

Business

Delia Jones is shopping at Kohl's one afternoon. She has her two small children with her and they are not cooperating. As she is looking at several pairs of earrings, one of the children in her stroller spills a drink on the stroller and floor. Delia

places two pairs of earrings on top of her diaper bag and begins cleaning up the children's mess. Frustrated, she then leaves the store to return home. On her way out in the parking lot, she is stopped by store security who asks her to come with him to the store offices. She does so. As they are walking to the elevator, the security guard passes an employee and says, "We've got another loser shoplifter here." Delia is kept at the offices until the police come. She explains the situation and the store manager declines to prosecute. Discuss the liability of the store for its conduct.

Business

Which of the following is the type of join that returns all the records from one table and only related records from the other table?

A) INNER JOIN B) Equi Join C) OUTER JOIN D) CROSS JOIN

Business