Ludwig Corporation leases a machine to Kluge Corporation under a three-year lease agreement determined to be a finance/sales-type lease. At the inception of the lease, (select all that apply)
a) Ludwig Corporation recognizes a sales-type lease revenue.
b) Kluge Corporation records a lease liability equal to the present value of lease payments.
c) Kluge Corporation records a right-of-use asset equal to the present value of lease payments.
d) Ludwig Corporation retains ownership of the machine at the end of the lease term.