A Lessee That Enters into a Finance Lease Must Disclose

A lessee that enters into a finance lease must disclose which of the following? 1) Any significant finance lease arrangements.
2) Any contingent rent recognized as expense during the period.
3) The net carrying value of each class of leased asset at the reporting date.
4) Total future minimum lease payments.
5) A reconciliation between total minimum future lease payments and their present value.

A) 1, 2 & 3.
B) 1, 2 & 4.
C) 1, 2, 3 & 4.
D) 1, 2, 3, 4 & 5.