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!
Question - BrazilCo's Restaurant Lease On 1/1/X1, Presto's Brazilian subsidiary, BrazilCo, leases a vacant restaurant in Brasilia for a 5-year term with fixed payments amounting to the equivalent of $100,000 USD per year in year 1, $150,000 in years 2 and 3, and $200,000 in years 4 and 5. BrazilCo's incremental borrowing rate is 6%. Assume the restaurant's useful life is 20 years.
a. Describe the classification of this lease on BrazilCo's subsidiary-level financial statements.
b. Show how this lease would be initially reported on the balance sheet, and show how the lease would flow through the income statement on 12/31/X1 and 12/31/X2 in BrazilCo's subsidiary-level financial statements.
c. Next, identify differences in this reporting compared to U.S. GAAP, as Presto will need to reconcile this reporting to GAAP for its consolidated financial statements.
Vanessa wants to accumulate $18000 in her savings to return to graduate school in 6 years. How much would she need to deposit today to reach her goal
on january 1 2011 doty co. redeemed its 15-year bonds of 2500000 par value for 102. they were originally issued on
Recommend at least two (2) actions that Apple could take in order to maximize the use of its cash flows. Provide a rationale for your response.
What are the advantages of using subsidiary ledgers? What are the advantages of the four different special journals? When would you use each type
youre considering the purchase of an industrial warehouse. the purchase price is 1 million. you expect to hold the
we are two equal owners of a corporation. we want to avoid filing the corporations profits along with our personal
Filling the order will require spending an additional $4,250 for shipping. If Cara wants to earn $4,000 on the order, what should the unit price be
Payments of at least $600 to independent contractorsAnnual nondeductible contributions of up to $5,000Annual summary and transmittal of U.S. information returns
Develop a either a bar chart or a pie chart that displays the data from the frequency distribution in part 1. Evaluate the mean, median, standard deviation.
Debate the logic used in the following statement The person responsible for approving cash disbursements should also prepare the bank reconciliation because he is most familiar with the checks that have been written on that bank account.
Information regarding Central Company's individual investments in securities during its calendar-year 2011, along with the December 31,2011, fairs value, follows.
Firm M has a margin of 12%, turnover of 1.2, sales of $960,000, Calculate Firm M's average total assets, net income
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