U.S.GAAP and IFRS provide for which of the following methods of accounting for long-term leases?
A)lease option method and direct lease method.
B)direct lease method and indirect lease method.
C)lease option method and indirect lease method.
D)operating lease method and capital or financing lease method.
E)primary lease method and secondary lease method.

Question

Quizplus · Accepted Answer

U.S. GAAP and IFRS provide for the operating lease method and capital or financing lease method of accounting for long-term leases.

USGAAP and IFRS Provide for Which of the Following Methods