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Question - Oklahoma Company is engaged in leasing equipment. Such equipment was delivered to a lessee at the beginning of a current year under a direct financing lease with the following provisions:
Cost of equipment P3,112,000
Guaranteed residual value 500,000
Useful life and lease term in years 5
Implicit interest rate 9%
The annual rental is payable at the end of each year. The property will transfer to the lessee at the end of the lease term. How much is the annual rental payment (round-off to the nearest peso value)?
Sarasota Tar and Gravel Ltd. operates a road construction business. Calculate the deferred tax asset or liability balances at December 31, 2017
Prepare the entry that the district would make to reflect the first payment of interest on its government-wide statements. Indicate the value at which the bonds
Describe what you think the seasonality scenario would be for one year for a business you can imagine starting. Explain how you think the cash flow would be.
Question - On February 5 your business sold inventory worth $56000 to a customer for $42000. How much did the customer pay you
If this expected level of production and sales occurs and plant expansion is not needed, how should this increase affect next year's total amounts for the following costs.
Determine the annual break-even point, in number of haircuts. Support your answer with an appropriate explanation. Show calculations to support your answer.
1. determine the following.a. predetermine overhead rate for year 2011b. total overhead cost applied to each of the six
The market value is £110m and costs to sell the building are estimated as $2m. What gain should be recognised to other comprehensive income
What effect did the adjustments have on the financial statements? What effect did the adjustments have on the current ratio
Which of the following is correct about the effective interest method of amortization?
Your clinic has fixed costs of $1,000,000, an average variable cost of $15 per visit, How much money are you making (losing)
All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710.
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