A capital lease begins on 1/1/16.

effective negotiationsOctober 15, 2020 A capital lease begins on 1/1/16. Failure to record the 1/1/16 lessor entries for a direct financing, ordinary annuity lease would have what effect on the 1/1/16 lessor Total Assets and Total Equity, respectively?Select one:a. No Error, No Errorb. No Error, Understatedc. No Error, Overstatedd. Understated, No Error  “Is this question part of your assignment? We Can Help!”