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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?
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.
The balance of mortgage payable at a given balance sheet date will be reported as a long-term liability.
Assuming the Koger uses straight-line depreciation, what is the net book value for machine #25624 on March 31, 2008?
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.
(a) Compute the actual cost per foot for materials for March. (b) Compute the materials price variance and a total variance for materials.
Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009.
Write a strategy on how GM should operate its financial aspect of the company to improve sales.
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 for 2012 for these assets.
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..
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..
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..
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