please answer 1-10

1. What is the argument for finite uniformity in accounting for leases? Why is finite uniformity difficult to achieve? Explain what the relevant circumstances are in accounting for different types of leases. 2. Why is the aspect of conveyance of leases emphasized in capital leases and the contractual element emphasized in operating leases? 3. What are the similarities and differences between leases and other means of prop- erty acquisition? How can these similarities and differences be reported in the financial statements? 4. Is the executory nature of lease contracts important in assessing lease accounting? How have leases been interpreted? Why might noncancellability override the executory nature? 5. Review the evolution of capitalization criteria in lease accounting standards. Why did APB Opinion No. 5 have little impact? What impact has SFAS No. 13 had? Has there been an underlying theme in the development of lease accounting? 6. Does it matter if capital leases are reported in a footnote or in the body of the balance sheet? What research evidence exists to help evaluate this question? 7. Does symmetry exist between lessors and lessees under SFAS No. 13? Should sym- metry be a goal of lease accounting? 8. How is representational faithfulness achieved in the capitalization requirements of SFAS No. 13? 9. Is there a measurement reliability (verifiability) problem with lease capitalization? 10. Evaluate the manner in which initial direct lease costs are accounted for under SFAS No. 13 for sales-type and financing-type leases. 1. What is the argument for finite uniformity in accounting for leases? Why is finite uniformity difficult to achieve? Explain what the relevant circumstances are in accounting for different types of leases. 2. Why is the aspect of conveyance of leases emphasized in capital leases and the contractual element emphasized in operating leases? 3. What are the similarities and differences between leases and other means of prop- erty acquisition? How can these similarities and differences be reported in the financial statements? 4. Is the executory nature of lease contracts important in assessing lease accounting? How have leases been interpreted? Why might noncancellability override the executory nature? 5. Review the evolution of capitalization criteria in lease accounting standards. Why did APB Opinion No. 5 have little impact? What impact has SFAS No. 13 had? Has there been an underlying theme in the development of lease accounting? 6. Does it matter if capital leases are reported in a footnote or in the body of the balance sheet? What research evidence exists to help evaluate this question? 7. Does symmetry exist between lessors and lessees under SFAS No. 13? Should sym- metry be a goal of lease accounting? 8. How is representational faithfulness achieved in the capitalization requirements of SFAS No. 13? 9. Is there a measurement reliability (verifiability) problem with lease capitalization? 10. Evaluate the manner in which initial direct lease costs are accounted for under SFAS No. 13 for sales-type and financing-type leases