Which of the following statements is true about accounting for leases?

a) In financial accounting, the future payments on a finance lease are viewed as a commitment rather than a liability

b) Reporting under a finance lease is equivalent to buying the leased asset.

c) Under an operating lease, no liability is recorded.

d) Under a finance lease, only the initial payment is recorded as a liability.

e) Under an operating lease, no right-of-use asset is recorded.