9. Which of the following items are not examples of initial direct lease costs? C commissions C legal fees resulting from the execution of the lease C costs to prepare documents after the execution of the lease C All of these are examples of indirect lease costs. 10. Jose Company enters into a 4-ycar lease transaction, with payments due at the beginning of each year The lease payments are $78,000 per year. The fair value of the leased asset is $290,000. The lessor's deferred initial direct costs are equal to $24,000. The lessor's estimate of the unguaranteed residual asset is S115,000. Based on the above information, what is the implicit rate in the lease for Jose? 16.54% 14.77% 21.81% 11.48% 11. Prior to 2019, lessees did not include the right-of-use asset and the lease liability for operating leases on their balance sheets. Both FASB and IASB wrote new standards to require that lessees nearly always report an asset and liability on their balance sheets when they engage in a lease transaction. This accounting results in which of the following? C a more reliable estimation of the lease's value C a more faithful representation of the rights and obligations arising from leases C a better determination on whether the lessor held the risks and rewards of the leased asset's ownership "C All of these