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Business, 25.11.2021 14:20 bnbjj

All of the following statements are true except: a. the lease criteria under IFRS are to be used as guidelines rather than rules.
b. 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.
c. IFRS require more accounting judgment than U. S. GAAP in the determination of whether a lease is classified as an operating lease or a capital lease.
d. 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.

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