What are the differences between operating and capital leases? What distinguishes operating leases from capital leases?
A) Operating leases involve the purchase of assets, while capital leases are rentals.
B) Operating leases do not transfer ownership rights, while capital leases do.
C) Operating leases require a significant upfront payment, while capital leases involve regular payments over time.
D) Operating leases are short-term, while capital leases are long-term contracts.