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Operating leases differ from capital leases in that For a capital lease the lessee records the lease payments as rent expense, but for an operating lease the lessee reports the lease payments as depreciation expense For an operating lease the lessee depreciates the asset acquired under lease, but for the capital lease the lessee does not Operating leases create a long-term liability on the balance sheet, but capital leases do not Operating leases do not transfer ownership of the asset under the lease, but capital leases often do Operating lease payments are generally greater than capital lease payments
bullidentify when to exclude an item from gross incomebullidentify when receipts can be excluded under the tax-benefit
Heidi Hart, the vice president of financial operations for Castle Candy Manufacturing Company and the controller, Linda Brown, are reviewing the financial statements for the prior two years of 2003 and 2004.
Prepare journal entries to record issuance of the stock options, termination of stock options, exercise of the stock option and the charges compensation expense for year ending 12/31/2010, 12/31/2011, 12/31/2012"
The company has sufficient capacity to produce the additional units. How much is the relevant income effect of accepting the special order?
Purchases for the year totaled $400,000; the cost of merchandise on hand at the end of the year was $80,000. Using the installment-sales method, make summary entries to record:
Burger Palace Corporation reports a net cash used for investing activities of $3.4 million and a net cash provided by financing activities of $1.6 million. If cash increased by $1.1 million during the year, what was the net cash flow provided from..
which of the following types of organization would probably sell goods?a. merchandising operationb. service operationc.
The reclassification of trading securities as available-for-sale would produce the following effect:
Division Corp has 20,000 shares of $5.00 participating 9 percent cumulative preferred stock and 100,000 shares of $2.00 common stock.
Of those started, 80,000 were finished and the remaining 40,000 were left 20% complete. Calculate the equivalent units of production for the year using the weighted average method.
On January 1, 2010, Priscilla signed a FIVE year lease to rent office space from Marjorie. The lease commenced immediately on January 1, 2010. During 2010, Priscilla paid Marjorie $24,000 for the first year's rent, $2,000 for the last month's rent..
a company has provided the following data sales 4000 units sales price 80 per unit variable cost 50 per unit fixed cost
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