Which of the following statements are true and are differences between US GAAP and IFRS with respect to lease accounting? (choose all that apply) US GAAP excludes leases of inventory and assets under construction from lease accounting requirements, but IFRS requires leases of inventory and assets under construction to follow regular lease accounting requirements. O US GAAP allows finance leases and operating leases, but IFRS only allows finance leases When a lease includes both land and buildings, IFRS requires companies to separately account for the land and the building(s), but US GAAP allows companies to make an election not to separately account for the land and the building(s) With respect to the incremental borrowing rate for lease calculations, US GAAP requires the use of a collateralized rate while IFRS allows the use of a uncollateralized rate O IFRS requires companies to separate the lease and non-lease components of combined contracts, but US GAAP allows companies to make an election not to separate the lease and non-lease components of a combined contract Not