Which one of the following is a criticism of the distinction between operating leases and finance leases in IAS 17 Leases?
A.
Commitments arising under non-cancellable operating leases must be disclosed.
B.
The obligations of the lessee are not recognized unless substantially all of the risks and rewards of ownership are transferred.
C.
It results in a lack of comparability because operating leases, but not finance leases, are recognized in the statement of financial position.
D.
The principles-based approach provides greater opportunity than a rules-based approach to structure leases so as to avoid recognition of lease assets and liabilities.