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Per the Accounting Standards Update (ASU) 2018-02, all leases lasting more than a year must be included in the balance sheet by reporting the a

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Per the Accounting Standards Update (ASU) 2018-02, all leases lasting more than a year must be included in the balance sheet by reporting the a. undiscounted sum of future lease payments as an asset and as an offsetting liability. b. residual value as a fixed asset. c. present value of future lease payments as an asset and also showing this same amount as an offsetting liability. d. residual value as a liability. e. undiscounted sum of future lease payments, less the residual value, as an asset and as an offsetting liability.