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QUESTION 7 For the lessor to account for a lease as a sales-type lease, the lease must meet Oa. An five of the criteria specified
QUESTION 7 For the lessor to account for a lease as a sales-type lease, the lease must meet Oa. An five of the criteria specified by GAAP regarding accounting for leases Ota More than one of the five criteria specified by GAAP regarding accounting for leases Any one of fint five classification criteria and both of the last two additional conditions specified by GAAP regarding accounting for leases Od Any one of the five criteria specified by GAAP regarding accounting for leases QUESTION 8 A short-term lease Oa Is defined as having a value of $10,000 or less Is defined as having a lease term of fifteen months or less DG Can be accounted for by the short-cut method if using U.S. GAAP Od Cannot be accounted for by the short-cut method if using IFRS
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