If a lease is capitalized,how is it reported under International Accounting Standards IAS 17?
A) It shows up as a liability on the lessor's financial statements.
B) It is a debt on the right-hand side of the lessee's balance sheet, and an asset on the left.
C) The lease's present value shows as a liability on the lessee's balance sheet, but not as an asset.
D) The lease becomes a capital asset for the lessor, allowing the firm to capitalize on its value to borrow more.
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