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Company A has a capital lease where they owe $35,000 on a $50,000 asset. The company pays one annual payment on the lease of $5,000 per year. The interest rate is 3% per year (for ease of the calculation, it is simple interest). In year four, what would be the journal entry for the capital lease? Company B has an operating lease for which they owe $10,000 on a $20,000 asset. They also pay one annual payment of $2,000 per year plus 3% simple interest. In year 6, what would the journal entry show?
springfield express has an opportunity to obtain a new route that would be traveled 20 times per month. the company
your company has earnings per share of 4. it has 1 million shares outstanding each of which has a price of 40. you are
critically analyze the benefits and limitations of ratio analysis explaining what factors impact the meaningfulness of
1.a plant asset purchased for 250000 has an estimated life of 10 years and a residual value of 20000. depreciation for
The period 30,000 units remained which were 40% complete. The amount of equivalent units in Department A's work in progress inventory at the end of the period is what?
Swan a calendar year corporation has a deficit in current E & P of 200,000 and a %580,000 positive balance in accumulated E&P. If Swan determines that a $1 million distribution to its shareholders is appropriate at some point during the year, what..
morrissey law firm has found from past experience that twenty percent of its services are for cash. the remaining
If ending WIP is $18,000 and ending finished goods is $15,000, how much were the cost of goods manufactured and the current manufacturing costs?
brewer company is considering purchasing a machine that would cost 999360 and have a useful life of 14 years. the
aranki university medical center is a nonprofit branch of the city hospital system. located on the wealthy south side
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
for financial accounting purposes assets of an individual partner contributed to a partnership are recorded by the
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