Which of the Following Statements Is True Relative to Accounting

question 41

Multiple Choice

Which of the following statements is true relative to accounting for leases internationally?

• A)Operating lease disclosure for IFRS and U.S.GAAP is identical.
• B)Some analysts believe that all leases must be restated as if they were operating leases.
• C)Current rules under IFRS, U.S.GAAP, and other national accounting standards require leases to be capitalized under certain circumstances.
• D)U.S.GAAP requires that future minimum lease payment disclosures be made for each of the next ten years and for all years thereafter.

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Definitions:

Negative Reinforcement

A behavioral concept where the removal of an adverse stimulus strengthens a desired behavior or response.

Pleasant Stimulus

Any event, object, or situation that causes a positive emotional response.

Unpleasant Stimulus

refers to any object, event, or situation that is undesirable or causes discomfort, leading to avoidance behavior in individuals.

Removal

The act of taking something away or eliminating it from a particular location or situation.