答案太长了

问题如下：

Question Under US GAAP, in the second year of a multi-year lease, a lessee with an operating lease most likely reports a:

选项：

A.higher interest expense than it would if the lease were a finance lease.

B.lower depreciation expense than it would if the lease were a finance lease.

C.greater financing cash outflow than it would if the lease were a finance lease.

解释：

1. Incorrect because the interest expense for a lessee with an operating lease is lower compared to a finance lease (there is no interest expense under an operating lease). Under IFRS, there is a single accounting model for both finance and operating leases for lessees. At lease inception, the lessee records a lease payable liability and a “right-of-use” (ROU) asset on its balance sheet, both equal to the present value of future lease payments. The following shows how the transaction [under IFRS] affects the financial statements: Interest expense on the lease liability and the amortization expense related to the ROU asset are reported separately on the income statement. The following shows how the [operating lease] transaction [under US GAAP] appears on the financial statements: Interest expense on the lease liability and the amortization expense related to the ROU asset are reported as a single line titled “lease expense” as an operating expense on the income statement. The interest and amortization components are not reported separately, nor are they grouped with other types of interest and amortization expense (e.g., interest on a bond, amortization of an intangible asset).

2. Correct because for operating leases, the lessee recognizes a single lease expense and no depreciation expense; whereas under a finance lease the lessee records depreciation expense on the right-of-use asset. Under IFRS, there is a single accounting model for both finance and operating leases for lessees. At lease inception, the lessee records a lease payable liability and a “right-of-use” (ROU) asset on its balance sheet, both equal to the present value of future lease payments. The following shows how the transaction [under IFRS] affects the financial statements: Interest expense on the lease liability and the amortization expense related to the ROU asset are reported separately on the income statement. The following shows how the [operating lease] transaction [under US GAAP] appears on the financial statements: Interest expense on the lease liability and the amortization expense related to the ROU asset are reported as a single line titled “lease expense” as an operating expense on the income statement. The interest and amortization components are not reported separately, nor are they grouped with other types of interest and amortization expense (e.g., interest on a bond, amortization of an intangible asset).

3. Incorrect because financing cash outflow for a lessee with an operating lease is lower compared to a finance lease. Under IFRS, there is a single accounting model for both finance and operating leases for lessees. At lease inception, the lessee records a lease payable liability and a “right-of-use” (ROU) asset on its balance sheet, both equal to the present value of future lease payments. The following shows how the transaction [under IFRS] affects the financial statements: The principal repayment component of the lease payment is reported as a cash outflow under financing activities on the statement of cash flows. The following shows how the [operating lease] transaction [under US GAAP] appears on the financial statements: The entire lease payment is reported as a cash outflow under operating activities on the statement of cash flows. The interest and principal repayment components are not reported separately.

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