please answer all

1. In a lease that is recorded as a manufacturer's lease or dealer's lease by 1 point the lessor, interest revenue * O a. should be recognized in full as revenue at the lease's inception. O b. should be recognized over the period of the lease using the straight-line method. O c. should be recognized over the period of the lease using the interest method. O d. does not arise. 2. In a lease that is not classified as a manufacturer's lease, initial direct cost is 1 point O a. added to the cost of the asset to get the gross investment in the lease. O b. added to the cost of the liability to get the net investment in the lease. O c. added to the cost of the liability to get the gross investment in the lease. O d. added to the cost of the asset to get the net investment in the lease. 3. For a finance lease, the lease obligation of the lessee would be reduced 1 point periodically by * O a. the lease payment less the portion allocable to interest. O b. the lease payment plus the interest expense for the period. c. the lease payment less depreciation expense if the lessee records depreciation. d. the lease payment less the amortization if the initial lease liability is more than the face amount or plus the amortization if the initial lease liability is less than the face amount. e none of the above. 1 point 4. Initial direct costs incurred by the lessor in connection with specific leasing activities as in negotiating and securing leasing arrangements in a direct finance lease would a result to an increase of the implicit interest rate. O b. result to a decrease of the implicit interest rate. O C. result to either an increase or a decrease of the implicit interest rate depending on the given facts. O d. be ignored if the lease qualifies as a dealer's lease 1 point 5. Which of the following statements is true in finance leases, from the viewpoint of the lessor regarding residual values? a. Guaranteed residual values are included in the gross Investment amount, but unguaranteed residual values are excluded from the gross investment. b. Guaranteed residual values are excluded from the gross investment amount, but unguaranteed residual values are included in the gross investment c. Guaranteed and unguaranteed residual values are both included in the gross investment amount d. Guaranteed and unguaranteed residual values are both excluded from the gross investment amount