I. In which option are the steps to capitalize off-balance sheet obligations given correctly?

A. Adjust the balance sheet to include only a long-term portion of debt, reconstruct the income statement by adding lease payment back to EBITDA, calculate key lending ratios after all adjustments

B. Adjust the balance sheet to include both a current and long-term portion of debt, no adjustments needed in the income statement, calculate key lending ratios after all adjustments

C. Adjust the balance sheet to include both a current and long-term portion of debt, reconstruct the income statement by adding lease payment back to EBITDA, calculate key lending ratios after all adjustments

D. Adjust the balance sheet to include both a current and long-term portion of debt, reconstruct the income statement by adding lease payment back to Net Income, calculate key lending ratios after all adjustments

II. One of the methods used in adjusting the liabilities section of the balance sheet (to analyze Operating Leases) is taking ______ of all future lease payments. Which phrase below completed the sentence correctly?

A. a percentage

B. the NPV

C. the absolute value

D. none of the above

III. If a borrower wanted to pay out a lease before termination, what would they be required to pay?

A. The principal amount

B. Sum of all future payments

C. Net balance outstanding

D. Breakage costs outlined in the contract

IV. In a sale-and-leaseback transaction, the borrower turns over _____ of the asset to the lender, while the asset remains on their ______ . Fill in the blanks. (Hint: last space is 2 words)

Please answer to all of I, II, III, and IV Thank you!!!!!!