Could a finance (capital) lease under IFRS be classified as an operating lease under U.S. GAAP? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Yes A finance lease under IFRS might be classified as an operating lease under US GAAP US GAAP has ...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Accounting questions
-
Capital Assets Acquired under Lease Agreements. Crystal City signed a lease agreement with East Coast Builders, Inc., under which East Coast will construct a new office building for the city at a...
-
Under ifrs 16, lease payments include all of the following except amount expected to be payable by the lessee under residual value guarantees a purchase option the minimum rental payments executory...
-
Explain how the lessee accounts for an operating lease and a capital lease. Why is an operating lease sometimes called off-balance sheet financing?
-
There are several types of interviews. List and define the methods of interviewing. List and discuss the different types of employment tests. List and discuss the uses of the performance appraisal -...
-
(a) When (Z)-3-methylhex-3-ene undergoes hydroboration-oxidation, two isomeric products are formed. Give their structures, and label each asymmetric carbon atom as (R) or (S). What is the...
-
Briefly explain whether you agree with the following statement: Japan has always been much more heavily involved in international trade than are most other nations. In fact, today Japan exports a...
-
Do you think the experiences of contingent workers and regular employees would have a better chance of being more similar to one another in a mechanistic or an organic organizational structure?...
-
Using the following financial statements for ZZZZ Best: a. Prepare a common- size balance sheet and income statement for the three- month interim period ending July 31, 1986. b. Compute the following...
-
1. an L-shape massless rigid member with a mass m at the tip and supported by a spring of stiffness k is hinged at O, as shown. It is needed to: a) Derive the equation of vibration e. b) Determine...
-
As the Purchase Manager of R. K. Engg. Company, Mumbai, you had sent an order for 15 scanners to National Systems Ltd., Delhi, but you received only 12 scanners on delivery. Write a letter to the G....
-
How does a leveraged lease differ from a nonleveraged lease?
-
Describe the primary differences between IFRS and U.S. GAAP in the way leases are classified as either operating or finance (capital) leases.
-
Give a recursive definition of a) The set of even integers. b) The set of positive integers congruent to 2 modulo 3. c) The set of positive integers not divisible by 5.
-
The way in which Aboriginal and/or Torres Strait Islander people and communities engage with community services will be vastly different to other communities. Discuss the impact of our individual...
-
Could you please provide 5 appropriate English case laws that I can use to answer the following: What is intoxication in law and how can a person avoid a contract entered into under it?
-
Alarmed by increasing rates of diabetes, heart disease, and cancer, Congress recently passed the Eat Your Vegetables Act of 2017. The EVYA has one provision: All Americans over the age of 21 must...
-
What happened if we don't subtract P(A and B) in the addition rule? Discuss both cases when events A and B are mutually exclusive, and when they are not mutually exclusive. Provide some examples.
-
Find the exact value of tan--3). Write your answer in radians in terms of . -(-3)=0 tan 1 J X 010 0/0
-
A 10-bit DAC has a step size of 10 mV. Determine the full-scale output voltage and the percentage resolution.
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
What is the silent language of negotiation?
-
Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.
-
Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.
-
Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.
-
Explain why the horizontal motion of a projectile is constant. (8pts) Compare and contrast between circular motion, planetary motion, and rotational motion. (8pts)
-
What role does ethical stewardship play in the formulation and execution of leadership strategies, particularly in the context of corporate social responsibility and sustainable business practices?
-
An inductance of 30 mH having an inductive reactance of 11.3 and a resistance of 10 is connected in series to a capacitance of 100F. i) Find the impedance offered by the above combination. ii) If an...
Study smarter with the SolutionInn App