Business, 10.10.2019 00:00 gabigraceberg
To raise operating funds, signal aviation sold an airplane on january 1, 2018, to a finance company for $770,000. signal immediately leased the plane back for a 13-year period, at which time ownership of the airplane will transfer to signal. the airplane has a fair value of $800,000. its cost and its book value were $600,000. its useful life is estimated to be 15 years. the lease requires signal to make payments of $102,771 to the finance company each january 1. signal depreciates assets on a straight-line basis. the lease has an implicit rate of 11%. required: 1. & 2. prepare the appropriate entries for signal on january 1, 2018 and december 31, 2018, to record the transaction and necessary adjustments. (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.)
Answers: 1
Business, 21.06.2019 21:40
Bella is the new president of first edition, a group dedicated to the promotion of english literacy in first-generation immigrant communities. in the two years that have passed since bella took the position, the organization's members have become more passionate about their mission and intensified their activitiesâthey put in long hours teaching children to read, promoting the program to parents, and soliciting donations. bella's strength is in her ability to inspire others and make them believe that they are part of something greater than themselves. which term best captures bella's leadership style? a. transactional b. transformational c. legitimate authority d. absolute authority
Answers: 1
Business, 22.06.2019 05:10
Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp
Answers: 2
Business, 22.06.2019 11:50
The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000
Answers: 3
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrowerâs fixed-rate mortgage? a. it might cause a borrowerâs payments to go up. b. it might cause a borrowerâs payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
To raise operating funds, signal aviation sold an airplane on january 1, 2018, to a finance company...
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