Which of the Following Statements Is FALSE

question 5

Multiple Choice

Which of the following statements is FALSE?

• A)The decision to lease is often driven by real-world market imperfections related to leasing's accounting,tax,and legal treatment.
• B)When publicly traded firms disclose leasing transactions in their financial statements,they must follow the recommendations of the Financial Accounting Standards Board (FASB).
• C)In its Statement of Financial Accounting Standards No.13 (FAS13),the FASB provides specific criteria that distinguish a true tax lease from a non-tax lease.
• D)The categories used to report leases on the financial statements affect the values of assets on the balance sheet,but they have no direct effect on the cash flows that result from a leasing transaction.

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Definitions:

Dysfunctional Thinking

Patterns of thought that are irrational, negative, and may lead to emotional distress or behavioral problems.

Negative Experiences

Negative experiences are events or situations that have a harmful or unpleasant impact on an individual's psychological or physical well-being.

Exploration

The act of investigating or studying something unknown or unfamiliar to gain knowledge or understanding.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience, often triggered by thoughts or external events.