Answer: The correct answer is "b) the lessor records a receivable for the present value of lease payments.".
Explanation: In an operating lease the lessor records a receivable for the present value of lease payments.
In this case, only the lessor must register its credit with the lessee because the operating leases are determined as financing outside the balance sheet, therefore a leased asset and associated liabilities of future rental payments should not be presented in the general balance of a company, with the objective of keeping the debt to capital ratio low.
