7. Which of the following statements concerning leases is false? Multiple Choice (1.5 Points) O A The portion of a lease liability expected to be paid in the next year is-reported as a current liability O B. Present value is relevant in accounting for leases O C. According to IFRSs, Alessee needs to record a lease asset for all leases O D. The other four options are all incorrect. O E The appearance of the account, Leased Liability, on the statement of financial position, signifies a lease term of over one year