Pre tax in Statement of Cash Flows, Basic Statistics

Pre tax in Statement of Cash Flows, Basic Statistics

Assignment Help:

Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for Richards to make quarterly lease payments of $391,548, payable each 9/30, 12/31, 3/31, and 6/30, with the first payment at 9/30/11. Advanced’s implicit interest rate is 12%:
1. What pretax amounts would Richards report in its statement of cash flows for the year ended Dec. 31, 2011?
2. What pretax amounts would Advanced report in its statement of cash flows for the year ended Dec. 31, 2011?
3. Assume Makers manufactured the machine at a cost of $5M and that Richards leased the machine directly from Makers. What pretax amounts would Makers report in its statement of cash flows for the year ended Dec. 31, 2011?

Related Discussions:- Pre tax in Statement of Cash Flows

HYPOTHESIS, HOW TO FIND NULL HYPOTHESIS

HOW TO FIND NULL HYPOTHESIS

Mba: accounting & finance for managers, . From the following cost, product...

. From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) margi

Accounting standards aims and objectives, Accounting Standards Aims and Obj...

Accounting Standards Aims and Objectives: The aim of this report is to understand the various changes that have taken place in the accounting standards in various countries since

Graph, what is the difference between histogram and historigram

what is the difference between histogram and historigram

Management accounting, The Rohr Company''s old equipment for making subasse...

The Rohr Company''s old equipment for making subassemblies is worn out. The company is considering two alternatives: a) Completely replacing the old equipment with new equipment

Examine group profiles and report the descriptive statistic, Use your data ...

Use your data to perform the following tasks. 1. Based on the variables, construct a design that consists only main effects of one categorical IV and at least two continuous DV

#mean, Uses of mean

Uses of mean

Probablity, a fair die is thrown 3 times. Let X1,X2,X3 denote the results o...

a fair die is thrown 3 times. Let X1,X2,X3 denote the results of 3 throws. What is the probablity that p[X1>X2+X3]

Homework, Problems 15. An art professor was interested in seeing what si...

Problems 15. An art professor was interested in seeing what size group is best to prime the pump so to speak to encourage strangers to gather together in front of various exhibi

F2 test distributed populations, What is F2 Test, These tests were based o...

What is F2 Test, These tests were based on the assumption that the samples were drawn from normally distributed populations, or more accurately that the sample means were normally

Write Your Message!

Name

Email id

Message

Verfication Code

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

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