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1. Assume that IBM leased equipment that was carried at a cost of $150,000 to Sharon Swander Company. The term of the lease is 6 years beginning January 1, 2011, with equal rental payments of $30,044 at the beginning of each year. All executory costs are paid by Swander directly to third parties. The fair value of the equipment at the inception of the lease is $150,000. The equipment has a useful life of 6 years with no salvage value. The lease has an implicit interest rate of 8%, no bargain-purchase option, and no transfer of title. Collectibility is reasonably assured with no additional cost to be incurred by IBM. Prepare IBM's January 1, 2011, journal entries at the inception of the lease.
dim witt is the county commissioner of clueless county. he decided to institute tolls for local ferry boat passengers.
Performance Measurement Methods - Many managers assume that numbers do not lie but, when measuring performance, they often do not tell the whole story
fortuna company purchased merchandise for resale from lemar company with an invoice price of 29100 and credit terms of
Describe how a firm's marketing strategy for a particular commodity impacts decisions regarding its manufacturing strategy, and please give me a particular product to illustrate the entry.
the comparative balance sheet of green earth lawn and garden inc. for december 31 2008 and 2009 is as follows assets
veracruz produced 30000 units in the first year and sold 25000. in the second year it produced 25000 units and sold
Depreciation involves a systematic and rational allocation of cost rather than a process of valuation.
morganton company makes one product and it provided the following information to help prepare the master budget for its
Hilltop sells its rock climbing shoes worldwide. Hilltop expects to sell 4000 pairs of shoes for $165 each in January and 2,000 pairs of shoes for $220 each in February. All sales are cash only. Prepare the sales budget fro January and February. S..
foulds company makes 12000 units per year of a part it uses in the products it manufactures. the unit product cost of
Joe proposes that he direct the IRA to sell the securities and to use the proceeds to invest in the building renovation partnership.
Establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:
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