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
D
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All of the following statements about a functional magnetic resonance imaging (fMRI) are true EXCEPT:
A. it is a method used to map activity in neural networks during ethical decision making. B. it can pinpoint neural activity to within 1 micrometer in the brain. C. it measures changes in blood flow and blood oxygen content related to neural activity. D. it works by detecting shifts in magnetic properties of hemoglobin.
An advantage of the product- and brand-management system is that product and brand managers focus the company on building market share rather than customer relationships
Indicate whether the statement is true or false