ston 2 yet wered A 12-year finance lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represents a reduction in the net lease liability. The portion of the minimum lease payment in Year 10 applicable to interest should be: ts out of ag question Select one: O a. Less than in Year 8 O b. More than in Year 8 O c. The same as in Year 12 O d. Less than in Year 12 con 3 Assume a finance lease. Indicate if the lessee or the lessor will be recording amortization expense and interest revenue. ered out of 9 question Select one: O a. Lessee records amortization expense, lessor records interest revenue b. Lessor records amortization expense, lessee records interest revenue O c. The lessor records both amortization expense and interest revenue O d. The lessee records both amortization expense and interest revenue