User Account

All Pages

Record the transaction assuming Oriole follows IFRS

Assignment Help Accounting Basics
Reference no: EM132615401

Question - Oriole Inc. entered into a five-year lease of equipment from Matusek Inc on July 1, 2021. The equipment has an estimated economic life of eight years and fair value of $295,000. The present value of the lease payments amounts to $254,415. The lease does not have a bargain purchase option and ownership does not transfer to Oriole at the end of the lease.

Required -

Record the transaction assuming Oriole follows IFRS?

Record the transaction assuming Oriole follows ASPE?

Reference no: EM132615401

Questions Cloud

Prepare the journal entries for Heidebrecht Design : Prepare the journal entries for Heidebrecht Design for 2020 assuming Heidebrecht Design cannot exercise significant influence over Sheridan
What is the firm break-even point in units : The firm's total fixed costs are $2,553,000. Selling prices and cost information for both products follow. What is the firm break-even point in units
What is the firm break-even point in units : The firm's total fixed costs are $2,553,000. Selling prices and cost information for both products follow. What is the firm break-even point in units
What is the shortest time the egg can take : What is the shortest time the egg can take to stop before breaking?
Record the transaction assuming Oriole follows IFRS : Oriole Inc. entered into a five-year lease of equipment from Matusek Inc on July 1, 2021. Record the transaction assuming Oriole follows IFRS
The media and public trust : Discuss one or two reasons it seems that the media have lost the public trust in the U.S.
Analyzes the data from three similar jurisdictions : Analyzes the data from three similar jurisdictions (comparable cities in population size) and compares the information to national data current trends.
Business-level strategy : Make recommendations about how that company could modify its business-level strategy to both increase your overall level of satisfaction
What is the total annual preferred dividend : The company paid dividends of $1,119,000 to its preferred shareholders. What is total annual preferred dividend supposed to be for the preferred shareholders

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd