Under SFAS No. 13, lessees prefer to account for their leases as operating leases because (select the best answer): a. This decreases the amount of liability reported b. This decreases their debt to total equity ratio c. This increases their Return on Assets d. All of the above

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?