Examine the Following Statements

Examine the following statements:
(a) Under an operating lease,substantially all the risks and benefits of ownership
Of the leased asset are transferred to the lessee
(b) A finance lease is normally non-cancellable
(c) Under a finance lease,legal ownership of the asset must be transferred
To the lessee at the end of the lease
(d) The term of an operating lease usually covers 75% or more of the
Economic life of the leased asset

A) Only (b) is correct
B) Only (a) , (b) and (c) are correct
C) Only (a) and (d) are correct
D) All are correct