QUESTION 18 In an operating lease, the lessee records O amortization expense. O interest expense. lease expense. amortization expense and lease expense. QUESTION 19 If the expected residual value is $10,000 and the guaranteed residual value is $22,000, then the present value of the difference of $12,000 should be included in the computation of the lease liability. True False QUESTION 20 The direct method adjusts net income for items that affected reported net income but did not affect cash. True O False