Briefly answer the following questions: a. When accounting for bonds, what is the primary difference between ASPE and IFRS? b. When accounting for leases, what is the primary difference between ASPE and IFRS? a. When accounting for bonds, what is the primary difference between ASPE and IFRS? O A. Under IFRS, companies are not required to recalculate the fair value of their bond debt every year. Under ASPE, companies recalculate the present value of the bonds each year. O B. IFRS requires equal monthly payments on the bond debt, where ASPE requires equal reduction in principal every month. O C. IFRS allows either straight-line amortization or the effective-interest method, where ASPE requires the use of the effective-interest method. O D. Under IFRS, the liability may be reported at amortized cost or fair value. Under ASPE, liabilities for bond indebtedness are reported at amortized cost. and IFRS? b. When accounting for leases, what is the primary difference between ASPE and IFRS? O A. IFRS allows either straight-line amortization or the effective-interest method, where ASPE requires the use of the effective-interest method. OB. Under IFRS, companies are required to disclose more supplementary information than under ASPE. O C. IFRS requires equal monthly payments on the bond debt, where ASPE requires equal reduction in principal every month. D. Under IFRS, companies are not required to recalculate the fair value of their lease debt every year. Under ASPE, companies recalculate the present value of the lease each vear