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Question - The agreement required equal rental payments at the end of each year. The fair value of the building is P3,075,000. However, the carrying amount of the building is P2,460,000. The building has an estimated economic life of 10 years with no residual value. At the termination of the lease, the title to the building will be transferred to the lessee. Yolk Company set the annual rental to insure a 10% rate of return. The implicit rate of the lessor is known by the lessee. The annual total lease payment included P100,000 of executory cost related to taxes on the property. The present value of an ordinary annuity of 1 at 10% for 10 periods is 6.15.
a. What is the minimum annual lease payment?
b. What is the total annual lease payment?
What the entry to record the sale of 10,000 share rights during the year includes a credit to investment in equity instruments amounting to?
P&G is a consumer products company that is consistently implementing scanning systems of the environment
Question - The nominal interest rate is 7% and the expected inflation rate is 3%. Based on the fisher effect, what the real rate of interest
How much cash does Patrick actually have on June 30, 2014? Ryan Patrick operates a roller skating center. He has just received the monthly bank statement
Gregory imported a product and marked it up by 45% of the cost. The amount of markup was $625. What was the selling price of the product
Compute the ending inventory, assuming that gross profit is 42% of sales, gross profit is 60% of cost, gross profit is 32% of sales
Determine over- and under billings for a company with the following information.
The interest (settlement) rate applicable to the plan is 10%. Prepare a pension worksheet for the pension plan for 2013 and 2014
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On February 2, 2019, Katie purchased, What the cost recovery deduction taken in 2019 was? What the cost recovery deduction for 2020 is?
Clay mix costs $0.40 per pound and employees of the company are paid $17 per hour. What is the total amount to be budgeted for direct labor
A total of $3,450 in supplies was purchased during the year. At the end of the year $800 of the supplies were left. Find the adjusting entry needed
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