Use the information in Scenario 2.1. What is the normal time for this job element if the rating factor is 80%?

U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are not true?

a. U.S. GAAP provides four criteria, any one of which qualifies a lease as a capital lease. b. IFRS provides general criteria for identifying the entity enjoying the rewards and incurring the risk. c. Firms cannot currently apply the fair value option to capital leases. d. The FASB and the IASB have undertaken a joint project involving the lessee's accounting for leases which may result in treating all leases as operating leases. e. all of the above

In the garbage can model of decision making, solutions are proposed only when problems exist

a. True b. False Indicate whether the statement is true or false