All of the following statements regarding accounting treatments for liabilities under u. s. gaap and ifrs are true except: accounting for bonds and notes under u. s. gaap and ifrs is similar. both u. s. gaap and ifrs require companies to distinguish between operating leases and capital leases. the criteria for identifying a lease as a capital lease are more general under ifrs. both u. s. gaap and ifrs require companies to record costs of retirement benefits as employees work and earn them. use of the fair value option to account for bonds and notes is not acceptable under u. s. gaap or ifrs.

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach