this should use the most updated rules

How are leases classified as operating leases initially reported in the lessee's financial statements? 1. As an asset that is amortized, similar to other company assets II. As a footnote disclosure III. As both a short-term and a long-term liability IV. As neither an asset nor a liability Select one: o a. I and III O b. I, II, and III O c. IV only O d. ll and IV