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Which are two major differences between U.S. GAAP and IFRS in accounting for property, plant, and equipment (PPE)? Question 24 Which of the following are differences between U.S. GAAP and IFRS? Question 25 Which of the following is not included in financial statements? ACC 499 Midterm Part 2 (Set 3) ------------------------------------------------------ ACC 499 Midterm Exam (4 Sets) FOR MORE CLASSES VISIT www.acc499assist.com This Tutorial contains 4 Sets (All Question Listed below) ACC 499 Midterm Part 1 (Set 1) ACC 499 Midterm Part 1 Question 1 Which of the following is not a required disclosure by a lessee of an operating lease? Question 2 Which of the following facts would require a lessee to classify a lease as a capital lease? Question 3 When a lessor receives cash on an operating lease, which of the following accounts is increased? Question 4 FASB's rules concerning leases are an attempt to record in the financial statements Question 5 As a generalized statement regarding lease accounting, which statement best describes U.S. versus international accounting principles?

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