Question 21 Not yet answered Marked out of 2.00 P Flag question The IASB provides an exception for the required capitalization of all leases by the lessee for a. short-term leases with a term of 12 months or less only. O b. None of these answer choices are correct. O c. leases of underlying assets with low value only d. leases of underlying assets with low value and short-term leases with a term of 12 months or less