Business, 06.08.2019 00:20 shai56

On january 1, leveler corporation leased equipment to messy company. the present value of the lease payments is $200,000 and leveler’s cost of the equipment was $125,000. the lease is properly classified as a sales-type lease. in comparison to the entries that would have been made if this lease did not include a selling profit, how are the entries affected because this lease includes a selling profit?
a the entries made by leveler are not affected.
b the entries made by messy are not affected.
c the entry made by leveler to record the receipt of the first lease payment also will include the sales revenue and cost of goods sold.
d the entry made by messer to record the payment of the first lease payment also will include the sales revenue and cost of goods sold.
e each of the entries made by leveler over the term of the lease will include a portion of the sales revenue and cost of goods sold.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 23:00

The discussion of the standards for selection of peanuts that will be used in m& ms and the placement of the m& m logo on the candies speaks to which building block of a sustainable competitive advantage:

Answers: 1

Answer

Business, 23.06.2019 00:40

An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.

Answers: 3

Answer

Business, 23.06.2019 09:00

The average cost of one year at a private college in 2012-2013 is $43,289. the average grant aid received by a student at a private college in 2012-2013 is $15,680.what is the average student contribution for one year at a private college in 2012-2013?

Answers: 2

Answer

Business, 23.06.2019 10:00

Francesca opened a checking account at first bank one month ago. during the month she wrote 25 checks. first bank will charge her $.25 per check. this fee per check is called a a. service charge b. monthly charge c. transfer charge d. debit charge

Answers: 2

Answer

You know the right answer?

On january 1, leveler corporation leased equipment to messy company. the present value of the lease...

Questions