contract method. ch statement is correct respecting the criteria for determining whether a lease operating or a finance lease? 15) Whi s an A) There is a transfer at the end of the lease. to the s a transfe r of ownership to the lessee or a bargain purchase option (BPo) Substanti ally all of the risks and rewards of ownership have been transferred from the lessee to the lessor. C) The leas D) The present value of the minimum lease payments e e term is a minor part of the economic life of the asset. com prises substantially 50% fair value of the leased asset