1. If the income statement of a firm is structured by function, the calculation of value added can be carried out without any restatement (a) True (b) False 2. If the lease of an asset is considered...

1. If the income statement of a firm is structured by function, the calculation of value added can be carried out without any restatement (a) True (b) False

2. If the lease of an asset is considered to be a financial lease (i.e., is capitalized under IFRS rules), the rent paid (periodic lease payment) is considered as part of the ‘resources consumed from third parties’ in the calculation of the value added created by the firm (a) True (b) False