Question 5 (-110 Which of the following statements is most accurate regarding the new FASB lease pronouncement for lease accounting The objective of the new pronouncement is to bring more lease liabilities to the balance sheet in an effort to reduce "off balance sheet financing". Under the new FASB pronouncement, the existence of a bargain purchase option in the lease agreement will cause a lessee to apply operating lease accounting treatment. Under the new FASB pronouncement regarding operating leases, a lessee is NOT required to establish a lease liability or a right-of-use asset. (4) The new FASB pronouncement only affects the lease accounting methods for the lessor