Is the related lease finance or operating lease

Assignment Help Accounting Basics
Reference no: EM13124565

a) Identify some benefits that might accrue to Lion Nathan as a result of the sale and lease back transaction?
b) Is the related lease Finance or operating lease?
c) How would Lion Nathan account for any profit or loss on the sale of the pubs?
d) If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

Reference no: EM13124565

Questions Cloud

Illustrate what is the company times interest earned ratio : Selected balance sheet and income statement data for Green Tea, Inc., for the year ended December 31, 2011 are below. Illustrate what is the company’s times interest earned ratio?
Wiki : create a link to a Wiki? Make sure your wiki has not been posted yet. Each Wiki will be a new thread and name the thread the wiki name, such as Wikipedia or Marvel Movies Wiki. And answer one of the questions listed below in regards to your own wiki.
Is the related lease finance or operating lease : If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?
Probability that average life time of bar-s tv is less : suppose a bar buys 10 of these sony tvs what is the probability that the average life time of the bar's tv is less than 19,650 hours.
Is the related lease finance or operating lease : If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?
Problem related to inventory : Jenner Company had beginning inventory of $90,000, ending inventory of $110,000, cost of goods sold of 400,000, and sales of 660,000. Jenner's days in inventory is:
Calculate the current passing through the capacitors : First you must give all different possible connection types for them and then, for each case, you should develop some tests that can define the connection type and calculate the current passing through the capacitors.
What are the equivalent units of production : What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?
What are the equivalent units of production : What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equity-method reporting situations

In what types of situations could it be appropriate to use equity-method reporting even though the investor does not hold voting common stock of the investee? Explain.

  Balance of mortgage payable

The balance of mortgage payable at a given balance sheet date will be reported as a long-term liability.

  Calculate net book value

Assuming the Koger uses straight-line depreciation, what is the net book value for machine #25624 on March 31, 2008?

  Determine the inventory direct labor costs

Assuming that the company's $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine the inventory's direct labor costs and its overhead costs.

  Compute the materials price variance

(a) Compute the actual cost per foot for materials for March. (b) Compute the materials price variance and a total variance for materials.

  Journal entry for issuance of bonds

Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009.

  Strategy for gm

Write a strategy on how GM should operate its financial aspect of the company to improve sales.

  Statistical differences in number of golf rounds

The Director of Golf for the Links Group wishes to study the number of rounds of golf played by members on week days. He gathered the following sample information for 520 rounds.

  Determine the cost recovery deduction

Determine the cost recovery deduction for 2012 for these assets.

  What yield would you predict for ech of these two investment

Suppose you are considering two possible investment opportunities; a 12-year Treasury bond and a 7-year, A-rated corporate bond. The current real risk-free rate is 4%; and inflation is expected to be 2% for the next 2 years, 3% for the following 4..

  Tax basis in partnership interest

Steve and Jim formed a partnership on January 1 with cash contributions of $600,000 and $400,000, respectively. The partners agree to share profits and losses equally. The partnership immediately borrowed $200,000. What is Jim's tax basis in his p..

  Investment journal entries

Hobson acquires 40% of the outstanding voting stock of Stokes Company on January 1, 2008,for $210,000 in cash. The book value of Stokes' net assets on the date was $400,000, although one company's buildings, with a $60,000 carrying value, was actu..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd