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Question - On January 1, 2020 a lessor leased out an office space for P400,000 payable in advance every January 1. The implicit interest rate is 8%.
The cost and fair value of the asset is P1,733,201. The useful life and lease term is 6 years and 5 years, respectively. The lessee has an option to purchase the asset for P200,000 at the end of the lease term, the lessee is reasonably certain that it will exercise this option at commencement date.
How much is the current portion of the finance lease receivable as of December 31, 2020?
The interest income to be recognized in 2021 is?
Identify the interfund activity as a loan, services provided and used, interfund transfer, or interfund reimbursement and prepare entries in general
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Describe two career options someone with an accounting education can pursue.- Describe one researched accounting position, and explain the essential skills that would make a candidate successful in the position.
explain the special feature that makes callable bonds attractive to an issuing corporation. why would some bonds be
Straight line method used for depreciation.
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Dividends in the amount of $123,000 were declared. They are payable in January of next year. Show by journal entries the adjustments that would be made on a worksheet for a statement of cash flows.
1. the weighted-average contribution margin of all the products is computed when determining the break-even sales for a
What is the price per bond if the face value is $1,000 and the yield to maturity is 9 percent round the answer to two decimal places
Prepare the journal entries required at December 31, 2010, and at December 31, 2011, assuming that a perpetual inventory system and the direct method of adjusting to lower-of-cost-or-market is used.
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