Multiple Choice
Which of the following statements applies to APB Opinion No. 31?
A) It was criticized on the grounds that it resulted in inconsistent capitalization of financing-type leases.
B) It required disclosures adequate to permit users to informally capitalize non-capitalized lease obligations if they so desired.
C) It was an omnibus opinion.
D) It was concerned with lease contracts between related parties.
Correct Answer:
Verified
Correct Answer:
Verified
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