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Which of these contractual terms would lead a company to account for a lease contract under the capital lease method? (check all that apply)
The IRS requires capital lease method for tax purposes for this contract
The lease runs for 2 years on a truck that is expected to have a 6 year life
The present value of the lease payments is $89,000. The truck could be bought today for $100,000 cash.
Ownership stays with the less or at the end of the lease
The lessee can buy the truck at its current market value at the end of the lease
Prepare the journal entry to record the purchase of treasury stock by the cost method and 9000 shares of treasury stock are reissued at $33 per share
charles brown opened charlies house cleaners on march 1. during march the following transactions were
Savannah Lotion Company consists of two departments, Blending and Filling. The Filling Department received 38,000 ounces from the Blending Department. During the period, the Filling Department completed 40,400 ounces, including 3,000 ounces of work i..
The direct materials for Job #045391 were purchased in July and put into production in August. The job was not completed by the end of August. At the end of August, in what account would the direct material cost assigned to Job #045391 be located?
At the exchange date, Stone general stock had a fair value of $45 per share, and the patent had a net carrying value of $160,000 on Gore's books.
Explain your analysis and understanding of social accounting as an element of corporate social responsibility and describe at least 5 reporting mechanisms in social accounting that may be similar to those in financial reporting.
Assuming the company uses the specific interest method, Calculate the amount of interest capitalized for the year. (Round the Weighted-average rate to two decimal places
Prepare the spreadsheet for the 2012 statement of cash flows. Format cash flows from operating activities by the indirect method.
All questions pertain to Home Depot 1. Does the company's management appear to be managing debt properly? Is the company too reliant on long-term debt financing?
Determine the ending inventory and cost-of-goods-sold amounts for the March financial statements under (a) average cost, (b) FIFO cost, and (c) LIFO cost.
Purpose a statement of retained earnings for the year ending 31 st December, 2011.
A company owns a building with a net asset value of $120,000 at December 31, 2011. The building had a five-year remaining life at December 31, 2011. The company also has a revaluation surplus balance of $50,000 in OCI related to this building at Dece..
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