How are leases classified as operating leases initially reported in the lessee's financial statements

l. As an asset that is amortized, similar to other company assets

ll. As a footnote disclosure

lll. As both a short-term and a long-term liability

lV. As neither an asset nor a liability

Select one:

a. I and lll

b. l, ll, and lll

c. lV only

d. ll and lV