Choose the correct statement concerning when a lessee in an operating lease will record Rent Payable.

a. when required rent payments earlier in the lease term are greater in amount than those later in the lease

b. when required rent payments earlier in the lease term are less in amount than those later in the lease

c. when rent payments begin at inception (annuity due)

d. when rent payments begin one period after inception (ordinary annuity)

e. Rent Payable occurs only when the lessee fails to make a rental payment according to the schedule in the lease contract