Which of the following statements about leasing is FALSE（）
A. The interest rate implicit in a lease is the discount rate that the lessor used to determine the lease payments.
B. When a sale leaseback represents substantially the entire asset, any profit from the sale must be deferred and amortized over the life of the lease.
C. If it is determined that the lessor is only financing the purchase of an asset, the capital lease is considered to be a direct financing lease. In this case gross profits must be recognized at the inception of the lease.
