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Develop two lease examples, operating and capital which includes the lease terms. State the requirements for determining whether a lease is an operating or capital lease. Provide journal entries that set up the lease and entries for payments. Show how the lease would be disclosed, if required on the balance sheet. State the reasons why you classified the lease as operating or capital.
(a) What is the maximum number of people that can be processed in one hour? (b) Discuss the implications of a 5th volunteer being assigned to help administer vaccinations. (c) Using five volunteers, suggest a reallocation of activities that would re..
How can differences in two countries or cultures create ethical issues in business? After completing your assigned reading for the week, prepare to discuss this question by conducting a brief search on the Internet with the phrase "doing business in ..
Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. Prepare an income statement for the year assuming (a) absorption costing and (b) variable costing
How much gain or income will Bob recognize on his contribution of the land to the partnership? Illustrate what is the character of any gain or income recognized?
Working in the music business, Moore has forgotten all the accounting he learned in college. Siegman majored in English literature, so she never learned any accounting. To gain information for evaluating their businesses, they ask you several questio..
Restate Deep Sea Seafood's current accounts to conform to GAAP. Compute Deep Sea Seafood's current ratio and acid-test ratio before and after your corrections. Determine Deep Sea Seafood's correct net income for 2016.
1 comparison of 10 year history of stock values for both apple and microsoft2 along with graphs for the ten year
Oceanside Biking is a retail bicycle store. For last year's summer racing season, Oceanside purchased one new model of racing bike to use in a special promotion. To sell the chairs and pads quickly, the store priced the chairs at $135 each. Compute t..
Brooks Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2014, the corporation sells for cash 471 computers at a unit price of $3,01..
Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below. PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013 2014 2013 Cash $1,810 $1,100 Receivables 1,758 1,306 Inventory 1,583 1,901 Plant ass..
What would be the minimum expected return from a new capital investment project to satisfy the suppliers of the capital? Assume the applicable tax rate is 40%, interest on debt is 5%.
Search the internet and find an instance of "Earnings Mismanagement" and "Fraud". Tell us: the company name, when they did it, describe in detail what they did, and tell us if anyone got in trouble. Don't use a company that someone has already used.
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