Leasing can affect a firms balance sheet. Which of the following statements is NOT correct?

	A.	Capital leases and operating leases longer than a year must be shown directly on the lessees balance sheet.
	B.	An operating lease is considered more like owning a piece of property that lessees have uncertainty regarding residual value.
	C.	For accounting purposes, leases are classified as either capital or operating.
	D.	Leasing can be a substitute for debt.