All of the Following Statements Regarding Accounting Treatments for Liabilities

All of the following statements regarding accounting treatments for liabilities under U.S.GAAP and IFRS are true except:

A) Accounting for bonds and notes under U.S.GAAP and IFRS is similar.
B) Both U.S.GAAP and IFRS require companies to distinguish between operating leases and finance leases.
C) The criteria for identifying a lease as a finance lease are more general under IFRS.
D) Both U.S.GAAP and IFRS require companies to record costs of retirement benefits as employees work and earn them.
E) Use of the fair value option to account for bonds and notes is not acceptable under U.S.GAAP or IFRS.