Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On January 1, 2021, Entity X enters into a 3-year lease of equipment for an annual rent of ?100,000 payable at the end of each year. The equipment has a remaining useful life of 10 years. The interest rate implicit in the lease is 10% while the lessee's incremental borrowing rate is 12%. Entity X uses the straight-line method of depreciation.
The relevant present value factors are as follows:
PV of an ordinary annuity of ?1 @10%, n=3............ 2.48685PV of an ordinary annuity of ?1 @12%, n=3............ 2.40183
Problem 1: How much is the lease liability to be recognized by Entity X on initial recognition?
Option 1: P0Option 2: P252,314Option 3: P240,183Option 4: P248,685
Prepare journal entries to close the balances in temporary revenue and expense accounts
Assume the same facts as in number 1 except that the fixed costs were allocated on the basis of actual hours of usage.
If ending WIP is $18,000 and ending finished goods is $15,000, how much were the cost of goods manufactured and the current manufacturing costs?
when the irs classifies a portion of a salary payment to a shareholderemployee as a constructive dividend which
Use this information to determine the number of units that were transferred from the Work in Process
Determine the Allocated Factory Overhead cost for the month of August using the following information. The allocation base is direct labor cost.
Create a scenario where an investor would benefit from using option contracts to minimize risk. Evaluate how models used for valuing stock options.
buchanan co. recently was sued by a competitor for patent infringement. attorneys have determined that it is probable
(Estimating the fund balance at the end of the year) At the end of the preceding year, the General Fund of the Atlas Township School Board had a fund balance.
Residence as part of a property settlement 115,000. What amount can Jake deduct as alimony for the current year? Assume that the divorce occurred before 2019
Onsite Hardware Store currently uses a periodic inventory system. Dana Cogburn, the owner, is considering the purchase of a computer system.
sanfran has the following data selling price 40 variable manuf cost 22 fixed manuf cost 150000 per month fixed
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd