Are the following statements true or false?

A:The Lease Classification Test required by US GAAP applies to both the Lessee and the Lessors accounting classification.

B:The Lessees Lease Accounting normally requires the use of a Lease Obligation Amortization Table which shows Interest Expense in Earnings on a straight-line basis for ALL contracts regardless of their classification.

C:It is fair to say that ALL US GAAP constituents were universally overjoyed to see the New Lease accounting rules issued. They were fed up with the old FAS13 lease accounting model which had been around too long.

D:The underlying accounting concept for the new lease accounting rules is known as on balance sheet accounting.