User Account

All Pages

Determine what will current liability in fire ltd statement

Assignment Help Financial Accounting
Reference no: EM132531738

On 1 October 2019 fire Ltd acquire an item of plant under a 5 year agreement . the lease require an immediate deposit of $ 2 000 000 with 5 payments of $6 000 000 payable annually in arrears commencing on 30 September 2020. the present value of the future lease payments was $ 22 746 000. the agreement had an implicit finance cost of 10% p.a.

Question 1: What will be the current liability in fire Ltd's statement of financial position as at 30 September 2020 in respect of this lease?

Reference no: EM132531738

Questions Cloud

What is the value of the factory : A factory costs $440,000. You forecast that it will produce cash inflows of $140,000 in year 1, $200,000 in year 2, and $340,000 in year 3. The discount rate is
Describe the risk of obesity complications : Are adolescents that participate in healthy lifestyles such as physical exercise and healthy eating at a decreased risk of obesity complications compared.
Find what will be the amount of the finance charge : Find What will be the amount of the finance charge arising from this lease which will be charged to statement of profit or loss account?
Suffered security breach : Find a company that has suffered a security breach in 2019. Provide background information on the company such as the type of business, their services,
Determine what will current liability in fire ltd statement : Determine What will be the current liability in fire Ltd's statement of financial position as at 30 September 2020 in respect of this lease?
Which one of the two opportunities appear more lucrative : Which one of the two opportunities appear more lucrative, only looking at the a flows over the lifetime of the investments? provide the suitable example
GRM5032 Work Experience with Personal Development Planning : GRM5032 Work Experience with Personal Development Planning Assignment Help and Solution, Gulf College - Assessment Writing Service
Find what will be current liability in fire ltd statement : Find What will be the current liability in fire Ltd's statement of financial position as at 30 September 2020 in respect of this lease?
Create a mandated reporter scenario and post it : Review your state's mandated reporter statute. Provide details about this in your post. If faced with a mandated reporter issue, what are the steps in reporting

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd