Which of the following is true regarding lease terms and minimum lease payments (MLP)?

a. Minimum lease payments include executory costs paid by the lessor.

b. For lessors, the MLP include any guarantee of the residual value by a third party, unrelated to either the lessor or lessee, if the third party is financially capable of discharging its obligations.

c. Any penalty that the lessee may be required to pay upon failure to renew the lease is always not included in the minimum lease payment.

d. Minimum lease payments include contingent rentals.