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Question 1 - On December 31, 2022, Sarma Company leased equipment to Shane Company for a four-year period ending December 31, 2026. The equipment cost Sama 365,760 and has an expected useful life of five years. Its normal sales price is P365,760. The lessee guarantees the residual value of P80,000. Lease payments is due every December 31 and Shane Company made the first payment on December 31, 2022. Sarma's implicit interest rate is 10%. How much interest revenue should Sama recognize over the four-year lease term?
Question 2 - On December 31, 2022, Sarma Company leased equipment to Shane Company for a four-year period ending December 31, 2026. The equipment cost Sara 365,760 and has an expected useful life of five years. Its normal sales price is P365,760. The lessee guarantees the residual value of P80,000. Lease payments is due every December 31 and Shane Company made the first payment on December 31, 2022. Sarma's implicit interest rate is 10%. How much is the net investment in the lease at December 31, 2022?
All sales are on credit and past records indicate that collections. Make a cash budget for the company for July through to December (inclusive)
Young Company budgets sales of $1,270,000, fixed costs of $85,700, and variable costsof $381,000. What is the contribution margin ratio for Young Company?
If you are the shareholders of the company, do you have any concern about the company's free cash flows
Jackson incorporate purchased a truck for 36,000. If Jackson uses the units-of-production method, what is the accumulated depreciation at the end of Year 2?
Alberta, a large segment of the press release was devoted to outlining all of the expected benefits to be received from the assets acquired. The acquisition price represented a 35 percent premium over Gulf a closing share price on the announcement..
The balance in the same account at the end of 2021 is $484000. What amount should Sheridan report as Cost of Goods Sold in the 2021 income statement
The annual production and sales of Product A is 2,300 units and of Product B is 1,300 units. There are three activity cost pools, with estimated costs
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A truck was purchased on 1/01/11 for $32,000. List and total the expenditures that would go into the asset account. Truck (or equipment) and be depreciated
A parent company acquired an 80% interest in a subsidiary. What is consolidated net income for 2015? What is the no controlling share of net income for 2015?
bennett company paid cash dividends totaling 150000 in 2008 and 75000 in 2009. in 2010 bennett intends to pay cash
Problem - You deposit $300 in an account earning 4% compound interest for 3 years. Find the future value and the interest earned
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