Quinn Corp. (lessee) has enetered into lease agreements with Jacob Equipment. Quinn has classified Lease A as a finance lease and Lease B as an operating lease. Both leases have a lease term o 5 years and the same annual payment amounts. For which of the following is the same accounting used for Quinn for Lease A and Lease B?

A. Cash lease payments are classified as outflows from operating activities on the statement of cash flows.

B. Amortization of the right of use asset is on a straight line basis over the asset's useful life.

C. A single (equal) lease expense is recognized in each accounting period.

D. The reduction of the lease liability is recorded when periodic lease payments are made.