1. show how rhone-metro calculated the $200,000 annual lease payments. 2. how should this lease be classified (a) by western soya co. (the lessee) and (b) by rhone-metro industries (the lessor)? 3. prepare the appropriate entries for both western soya co. and rhone-metro on december 31, 2018. 4. prepare an amortization schedule(s) describing the pattern of interest over the lease term for the lessee and the lessor. 5. prepare the appropriate entries for both western soya and rhone-metro on december 31, 2019 (the second lease payment and amortization). 6. prepare the appropriate entries for both western soya and rhone-metro on december 31, 2022, assuming the equipment is returned to rhone-metro and the actual residual value on that date is $1,000.

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a. anne is a qualifying child of catherine. b.anne is not a qualifying child of catherine because she fails the gross income test. c.anne is not a qualifying child of catherine because she fails the residence test. d.anne is not a qualifying child of catherine because she fails the support test.