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Montevallo Corporation leased equipment from Folio Company. The lease term is 10 years, requires payments of $25,000 at the end of each year, and contains a bargain purchase option. At the end of the lease Montevallo has an option to pay $4,000 (which is much less than the estimated fair value at that time) to purchase the equipment. The equipment has a fair value at the inception of the lease of $175,000 and an estimated useful life of 20 years. The lease agreement stipulates that the Folio Company receive a rate of return of 8% each year, which is lower than Montevallo 's incremental borrowing rate. Calculate the present value of the minimum lease payments.
satellite products inc. owns two subsidiaries saturn systems and neptune audio. saturn supplies printed circuit boards
Further investigation has revealed that $34,000 of the fixed manufacturing expenses and $20,000 of the fixed selling and administrative expenses are avoidable if product R97C is discontinued. What would be the effect on the company's overall net o..
Analyze and discuss the costs and benefits, if there are any, of corporations taking social responsibilities and making such disclosure in the context of efficiency and opportunistic perspectives of PAT.
sarang ltd. took over bajrang ltd. and agreed to pay consideration ? to issue necessary shares of new co. value of old
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Prior to a charitable gift to the Plato University of land with a basis of $6,000 and a value of $13,000, All-Set, Inc. had taxable income of $50,000. If the dividends-received deduction was $80,000, the charitable contribution deduction is:
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Prepare a stockholders equity section at December 31, 2011, including the disclosure of the preferred dividends in arrears - Journalize the transactions and the closing entry for net income.
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