Which of the following statements best describes the definition of a lease under IFRS 16 ? Select the one correct option and then select Submit. a. A contract, or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration. b. An agreement whereby the lessor provides an asset to the lessee in return for a payment or series of payments. c. An agreement that transfers substantially all the risks and rewards incidental to ownership of an asset. d. A written contract by which one party conveys land, property, services, etc. to another for a specified time, in return for a periodic payment.