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On December 31, 2007, Parks Co. leased a machine from Colt for a five-year period. Equal annual payments under the lease are $210,000 are due on December 31 of each yar. The first payment was made on December 31, 2007, and the second payment was made on December 31, 2008. The five lease payments are discounted at 10% over the lease term. The present value of the minimum lease payments at the inception of the lease and before the first annual payment was $834,000. Parks appropriately accounts for the lease as a capital lease. In its December 31, 2008 balance sheet, Parks should report a lease liability of?
1. does your company have an accounts receivable balance? if so what is it?2. has it increased or decreased
cork company imports and sells a product produced in canada. in the summer of 2011 a natural disaster disrupted
corazon manufacturing company has a purchasing department staffed by five purchasing agents. each agent is paid 28000
morgado inc. has provided the following data to be used in evaluating a proposed investment project initial
Northwood paid $150,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to three places, and use your computed percentages throughtout.
a companys board of directors votes to declare a cash dividend of 1.10 per share. the company has 22000 shares
1.how does the accounting write-off of design and development costs as current period expenses affect managers
Probe Manufacturing leased an asset with a fair market value of $145,000 to Detection Devices. Detection will pay Probe $25,000 annually, in advance, for the next 10 years.
homestyle soup co. uses a process cost system to record the costs of processing soup which requires the cooking and
in the land securities group case study use the information to estimate and summarize the effects of using a the cost
icicle bay tours operates day tours of coastal glaciers in alaska on its tour boat the emerald glacier. management has
Determine the equivalent units of production with respect to (a) direct labor and (b) direct materials. Compute both the direct labor cost and the direct materials cost per equivalent unit.
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