User Account

All Pages

What amount should goetz have charged

Assignment Help Accounting Basics
Reference no: EM132143662

Question - On December 1, 2016, Goetz Corporation leased office space for 10 years at a monthly rental of $90,000. On that date Perez paid the landlord the following amounts:

Rent deposit                                 $90,000

First month's rent                           90,000

Last month's rent                            90,000

Installation of new walls and offices  495,000

                                                     $765,000

The entire amount of $765,000 was charged to rent expense in 2016. What amount should Goetz have charged to expense for the year ended December 31, 2016?

A. $90,000

B. $94,125

C. $184,125

D. $495,000

Reference no: EM132143662

Questions Cloud

How might your mindset play role in your learning and growth : When it comes to academic skills, you're not starting from scratch. Your previous undergraduate experience has helped you build a foundation of academic skills.
Two possible events that successful monitoring program : Provide two possible events that a successful monitoring program could identify and what adjustments could apply.
What is maxwell corporation taxable income : Maxwell Corporation has income per books before tax of $400,000. What is Maxwell Corporation's taxable income
What is the impact on the end date of the project : What is the impact on the end date of the project if activity I slips by three weeks?
What amount should goetz have charged : The entire amount of $765,000 was charged to rent expense in 2016. What amount should Goetz have charged to expense for the year ended December 31, 2016
Describing what you already know about the topic : Write one to two paragraphs (a) summarizing the problem area (be specific in defining the problem), (b) describing what you already know about the topic.
What purpose is served by special drawing rights : What purpose is served by Special Drawing Rights? What are the options for a nation that is unable to repay its debts?
Identify the implied premise in the enthymeme : Use the Internet to search for an example of an enthymeme in the media (e.g., Internet, television, radio, newspapers, etc.).
Programs relate to the company business strategy : How do Loews's training programs relate to the company's business strategy?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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