Question: As a generalized statement regarding lease accounting, which statement best compares U.S. GAAP and IFRS? A.IFRS and GAAP are similarly rules-based. B. IFRS and GAAP

As a generalized statement regarding lease accounting, which statement best compares U.S. GAAP and IFRS?

A.IFRS and GAAP are similarly rules-based.

B. IFRS and GAAP are similarly principles-based.

C. IFRS for leases are more principles-based than GAAP.

D. IFRS for leases are more rules-based than GAAP

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