Could a finance (capital) lease under IFRS be classified as an operating lease under U.S. GAAP? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
Yes A finance lease under IFRS might be classified as an operating lease under US GAAP US GAAP has ...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Accounting questions
-
Capital Assets Acquired under Lease Agreements. Crystal City signed a lease agreement with East Coast Builders, Inc., under which East Coast will construct a new office building for the city at a...
-
Under ifrs 16, lease payments include all of the following except amount expected to be payable by the lessee under residual value guarantees a purchase option the minimum rental payments executory...
-
Explain how the lessee accounts for an operating lease and a capital lease. Why is an operating lease sometimes called off-balance sheet financing?
-
There are several types of interviews. List and define the methods of interviewing. List and discuss the different types of employment tests. List and discuss the uses of the performance appraisal -...
-
(a) When (Z)-3-methylhex-3-ene undergoes hydroboration-oxidation, two isomeric products are formed. Give their structures, and label each asymmetric carbon atom as (R) or (S). What is the...
-
The following reaction was described as the cause of sulfur deposits formed at volcanic sites (see p. 780): 2H2S(g) + SO2(g) 3S(s) + 2H2O(g) It may also be used to remove SO2 from power plant stack...
-
The number of ways eight cars can line up in a row for a car wash
-
Mississippi Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015: Stockholders Equity Preferred stock, cumulative, $2.00 par, 6%, 70,000 shares issued .... $ 140,000...
-
iew Policies current Attempt in Progress On January 1 , 2 0 2 4 , Pharoah issued $ 5 , 7 0 0 , 0 0 0 , 4 % bonds. Interest is payable semi - annually on June 3 0 and December 3 1 . The bonds mature...
-
Eloise is hired as a pharmacist and signs an employment agreement that includes a provision stating that she will submit any employment disputes to arbitration. After being on the job for three...
-
How does a leveraged lease differ from a nonleveraged lease?
-
Describe the primary differences between IFRS and U.S. GAAP in the way leases are classified as either operating or finance (capital) leases.
-
15. F(x) = 7x - 9 17. G(t) = 8 - 3t
-
Administrators at International University are curious how students' GPAs after their first year compare to their high school GPAs. They plan on taking an SRS of 80 of the 900 freshmen to look up...
-
( 8 x - x ^ 2 ) / ( x ^ 4 ) what is the derivate.
-
Solve for x . log 1 0 ( 4 x ) log 1 0 ( x 3 ) = 1
-
Let f ( x ) = ( 8 x - 4 x ^ 2 ) It is ^ x . Find the inflection points
-
f ( x ) = sin ( x ) / ( 2 * x ^ 2 + 4 ) , differentiate using quotient with respect to x
-
What is the interest cover ratio at 31.12.20X1? (a) 1.33. (b) 2.17. (c) 3.17. (d) 13.17.
-
On October 1, 2021, Adoll Company acquired 2,600 shares of its $1 par value stock for $38 per share and held these shares in treasury. On March 1, 2023, Adoll resold all the treasury shares for $34...
-
What is the silent language of negotiation?
-
Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.
-
Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.
-
Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.
-
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
-
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
-
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....
Study smarter with the SolutionInn App