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On January 1, 2012, the chief operating officer of New Belgium, Jeff Stambaugh, signed a non-cancellable lease for street equipment. The lease was for 10 years, the economic life of the property. The fair market value of the equipment (and present value of the minimum rentals) is $ 75,152. The township, incremental borrowing rate is 7 percent. The $ 10,000 annual lease payment is due on the first day of each year beginning in 2012.Prepare all journal entries necessary to record the lease transaction for 2012 and the payment made in 2013. (Assume the government uses a voucher system.)
stallman company took a physical inventory on december 31 and determined that goods costing 261370 were on hand. not
William County opted to account for its duplication service center in the internal service fund. Previously the center had been accounted for in county's general fund. During first month in which it was accounted for as an internal service fund cent..
Why to governmental entities have debt limits while for profit corporations do not? What are the debt margin and the concept of overlapping debt?
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Calculate the increase or decrease in net operating income if an 8,300 increase in the monthly advertising budget would increase monthly sales by 14,300
the direct material in your answer is only multiply 14.40 time 2400 which is the number all the custom seat. however
challenges to convergence of igaap with u.s. gaap include all of the following except-political issues result in
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