Question: Under an operating lease: a) the lessee does not obtain substantially all the benefits and risks of ownership. B) the lease transaction is reported more

Under an operating lease:

a) the lessee does not obtain substantially all the benefits and risks of ownership.

B) the lease transaction is reported more like a purchase.

C) No liability is reported on the balance sheet

D) All criteria need to be met to qualify for this classification

E) Only one criteria needs to be met to qualify for this classification

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