Which of the Following Statements Is True Regarding the Treatment

Multiple Choice

Which of the following statements is true regarding the treatment of leases on the financial statements?

A) U.S.GAAP prohibits the presentation of leases on the financial statements since they are off-balance-sheet transactions.
B) U.S.GAAP criteria for lease capitalization are less strict than IFRS.
C) The criteria concerning whether a lease is a capital lease are very different for IFRS and U.S.GAAP.
D) The criteria required for lease capitalization under IFRS are considered more like guidelines rather than strict rules.