All of the following statements are true except:
a. The criteria to determine whether a lease contract should be considered a capital lease are applied in a more rigid way under U.S. GAAP than IFRS.
b. The criteria to determine whether a lease contract should be considered a capital lease are applied in a more rigid way under IFRS than U.S. GAAP.
c. The lease criteria under IFRS are to be used as guidelines rather than rules.
d. IFRS requires more accounting judgment than U.S. GAAP in the determination of whether a lease is classified as an operating lease or a capital lease.
b
You might also like to view...
The liability of a stockholder is usually limited to the stockholder's investment in the corporation
Indicate whether the statement is true or false
Which of the following involves the use of a secondary source?
A) Talking to the entry-level employees about why the duties are not being properly executed B) Surveying other companies who outsource the kinds of duties you are looking to outsource C) Reading a journal article about the perceived versus actual cost effectiveness of outsourcing D) Discussing the situation with your boss E) Speaking to outsourcing service providers about some options
Describe Hofstede’s model of culture and explain its value.
What will be an ideal response?
A department can never be considered to be a profit center.
Answer the following statement true (T) or false (F)