Question 16 Not yet A lease qualifies as a finance (sales-type) lease. Indicate an account to be used by the lessee, and an account to be used by the lessor answered Points out of 3.00 Flag question Select one: O a Account to be used by the lessee Interest Revenue O b. Account to be used by the lessee Lease Liability O c Account to be used by the lessee Interest Expense Od Account to be used by the lessee Right of Use asset O e Account to be used by the losseo Amortization Expense Account to be used by the lessor Depreciation Expense Account to be used by the lessor Interest Revenue Account to be used by the lesson Lease Liability Account to be used by the lessor Accumulated Depreciation Account to be used by the lessor Interest Expense Question 17 Not yet In a sale-leaseback transaction, Reddy Company is the seller-lessee and Kaiser Company is the buyer-lessor. If one of the five criteria used to determine classification of the lease is met answered Points out of 3.00 Flag question Select one: O a Reddy records the lease as an operating lease. O b. Reddy will record annual interest expense and depreciation expense. O c. If the book value of Reddy's asset is more than the cash received, Reddy records again. d. Reddy will record the lease as a finance lease. O e Kaiser will record the lease as an operating lease