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1. Adams Storage and Appraisal leased equipment to OAC Corporation for an eight-year period, at which time possession of the leased asset will revert back to Adams. The equipment cost Adams $32 million and has an expected useful life of 11 years. Its normal sales price is $45 million. The present value of the minimum lease payments for both the lessor and lessee is $40 million. The first payment was made at the inception of the lease. How would OAC classify this lease if it prepares its financial statements using IFRS? Why?
abis corporation uses the weighted-average method in its process costing system. this month the beginning inventory in
1. Gomez Corporation is considering two alternative investment proposals with the following data:
the operations vice president of first bank of eagle kristin wu has been interested in investigating the efficiency of
Surprise Corporation's sales budget showed expected sales of 13,400 widgets. Starting finished goods contained 1,200 widgets. The firm determined that 14,100 units should be produced.
for the following investments identify whether they are1. trading securities2. available-for-sale securities3.
Over the past year, you earned 11.9% overall on your investments. During that period, the inflation rate was 2.3% and the risk-free of risk-free rate of return was 3.2%. What real rate of return did you earn?
on september 1 2012 winans corporation acquired aumont enterprises for a cash payment of 718430. at the time of
production of an order consisting 800 units requires direct materials of 350000 and direct labor or 250000. factory
Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,000.
you purchased a stock one year ago at a price of 55 per share. you have received quarterly dividends of .35 a share.
in order for companies to prepare and issue financial statements their accounting equations debits and credits must be
At what total amount did the shares sell to the public? How is the difference between this amount and the $50.2 million net proceeds accounted for?
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