question archive Which of the following is a reason why lease accounting under U
Which of the following is a reason why lease accounting under U
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Which of the following is a reason why lease accounting under U.S. GAAP and IFRS were revised?
Multiple Choice
- It was too easy for firms to circumvent lease capitalization criteria.
- To enhance comparability for analyzing different companies' financial statements.
- Operating leases were a popular means of off-balance sheet financing.
- All of these answer choices are correct.
