use the following letters to indicate the effect.

O=overstatement

U=understatement

NE= no effect

The lessee's accountant failed to recognize the bargain purchase option when initially recording the company's new finance lease of equipment. The lease was entered into on the last day of 2019. This would cause assets to be liabilities to be equity to be revenue to be costs and expenses to be and net income to be The lessee's accountant understated the amount of amortization on the right-of-use asset related to the finance lease on a building. This would cause assets to be liabilities to be equity to be revenue to be costs and expenses to be and net income to be When recording the lessor's sales-type finance lease, the accountant failed to exclude the executory (non-lease components). The lease was entered into on the last day of 2019. This would cause assets to be liabilities to be equity to be revenue to be costs and expenses to be and net income to be