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In McDonald's, 2009 10K Report, revenues from franchised restaurants consisted of Rents being $4.8 Million. Future minimum rent payments due to the Company under the existing franchise arrangements in total for all typeof sites is $26.0 billion. This $26.0 billion amount represents the future minimum payments that McDonald's expected to receive from its franchisees as of Dec. 31, 2009.
1. Using the element definition from the conceptual framework, should this $26.0 billion be recorded as am asset in McDonald's 2009 balance sheet? Why or why not?
2. If your answer in part (1) us tesm what measurement attribute should be used in reporting the asset?
hatch company has two divisions o and e. during the year just ended division o had a segment margin of 9000 and
The Butterfly Corporation had the following information that pertained to its March budget.
Identify the type of IRA that would be best for a taxpayer in each of the circumstances Sharon believes she will be in a higher tax bracket when she withdraws the money in retirement.
Its average product sells for $28 a unit. the variable cost per unit is $18. the store experiences a 45 percent tax rate. What are the store's fixed costs expected to be next year? Calculate the store's break-even point in both units and dollars.
what is the journal entry for this?The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?
Yet, current practice is to have one set of books for financial statement presentation and one set for the preparation of income taxes. Is this "kosher" and why do you agree or disagree with the practice?
Using least-squares regression, estimate the variable cost elements of monthly car wash costs.
A table is made from one tabletop, four legs, and four hangers. Each of the legs is made from 4 feet of hickory wood and 1/4 gallon of varnish. Each of the hangers is made from a brace and 4 bolts and 4 nuts. Draw the BOM for the table.
How would your answer change if the "U.S. net equity" of the branch was $1,650,000 at the end of 2012? How much tax would be owed?
schaefer organic farms purchased a new tractor at a cost of 80000. annual operating cash inflows are expected to be
Variable administrative expenses are expected to be 3 percent of sales, and fixed administrative expenses should total $34,200 per quarter, exclusive of depreciation.
develop common size financial statements for the 3 companies for the most recent 3-years available. calculate financial
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