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A short-term lease: Multiple Choice Not required to be accounted for by the short-cut method if using IFRS. Is defined as having a value of
A short-term lease:
Multiple Choice
-
Not required to be accounted for by the short-cut method if using IFRS.
- Is defined as having a value of $6,000 or less.
- Must be accounted for by the short-cut method if using U.S. GAAP.
- Is defined as having a lease term of eighteen months or less.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
