Response to the following questions:
1. (a) What disclosures are lessees required to make?
(b) What disclosures are lessors required to make for various types of leases?
2. What are the two types of lease classifications defined by IFRS?
3. Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP.
If possible, please give examples to better understand your response.