Business, 15.04.2020 01:22 hectorav6619
King salons leased equipment from smith co on july 1 in a finance lease. the present value of the lease payments discounted at 12% was 79100. ten annual lease payments of 12500 are due beginning july 1 2021. smith co had constructed the equipment recently for 69500 and its retail fair vlue was 79100.
Required:
1. What amount of interest revenue from the lease should smith co report in its dec 31 2021 income statment?
Answers: 1
Business, 22.06.2019 11:40, berlyntyler
Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program
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Business, 22.06.2019 12:40, hardwick744
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
Business, 22.06.2019 22:00, brad7330
Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?
Answers: 2
King salons leased equipment from smith co on july 1 in a finance lease. the present value of the le...
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