subject
Business, 07.10.2019 19:30 Joxnny8757

The lease agreement and related facts indicate the following: leased equipment had a retail cash selling price of $300,000. its useful life was five years with no residual value. the lease term is five years and the lessor paid $265,000 to acquire the equipment (thus, selling profit). lessor’s implicit rate when calculating annual lease payments was 8%. annual lease payments beginning january 1, 2018, the beginning of the lease, were $69,571. incremental costs of commissions for brokering the lease and consummating the completed lease transaction incurred by the lessor were $7,500. required: 1. & 2. prepare the appropriate entries for the lessor to record the lease and the initial payment at its commencement and any entry(s) necessary at december 31, 2018, the fiscal year-end. (round your intermediate and final answers to the nearest whole dollar amount. if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
Answers: 3
question
Business, 22.06.2019 08:30
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
question
Business, 22.06.2019 17:00
Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.
Answers: 1
question
Business, 22.06.2019 19:30
Adisadvantage of corporations is that shareholders have to pay on profits.
Answers: 1
You know the right answer?
The lease agreement and related facts indicate the following: leased equipment had a retail cash se...
Questions