Select all that apply Which of the following are true of leases under the U.S. income tax rules? Multiple select question. The U.S. tax code does not distinguish between short-term and capital/finance leases. The U.S. tax code does not allow the hybrid operating lease accounting under ASC 842. The U.S. tax code does allows the hybrid operating lease accounting under ASC 842. The U.S. tax code distinguishes between short-term and capital/finance leases