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Which is required by IFRS for reporting of leases by lessees, but not for GAAP reporting? a. Leases must be capitalized if the leased assets
Which is required by IFRS for reporting of leases by lessees, but not for GAAP reporting? a. Leases must be capitalized if the leased assets risks and rewards are transferred to the lessee. b. Capitalizing a lease requires that the lessee amortize the leased asset. c. Operating lease payments are reported as lease expense. d. All leases should be accounted for by lessees using a single accounting model.
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