A short-term lease: Multiple Choice Must be accounted for by the short-cut method if using U. S. GAAP. Is defined as having a value of $10,000 or less. Is defined as having a lease term of fifteen months or less. Not required to be accounted for by the short-cut method if using IFRS.

Not required to be accounted for by the short-cut method if using IFRS.

Explanation:

A Short term Lease is one where a person or entity is granted the legal use of a space for a small period of time which is a year or less.

In calculating this, the Sixteenth International Financial Reporting Standards, IFRS 16, states that a Short Term lease may be charged directly to a Profit and Loss account.

It does not approve the use of the Shortcut method which is a qualitative measure of analysis that is ONLY approved under the US Accounting system (GAAP) and even then is not widely used.

i mean, there is a lot of homeless people. but it is a very busy place and always in need for people who can be busy so it's not impossible to find one.

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.