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Problem 1: Whiterun Ltd leases a boat to Riverwood Ltd. The right to use asset recorded by Riverwood Ltd is valued at $61 507. The lease payment is $20,000 for three years. Lease payments are to be made annually and in advance. Riverwood Ltd guarantees the $5 000 residual value of the boat. What is the amount of Riverwood Ltd's lease liability on the commencement day of the lease?
Option 1: $41 507
Option 2: $61 507
Option 3: $66 507
Option 4: $46 507
Determine The net effect would be a decrease in operating erage. The acquisition of the berry-picking machines will Increase variable costs
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Adrian was awarded an academic scholarship to State University for the 2015-2016 academic year. He received $6,500 in August and $7,200 in December 2015.
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