Homework Answers
| Option D is the answer | |
|
The provider may not have a right to substitute the alternative assets during the course of use and may economically get benefitted. Comment if you face any issues |
A. The asset must be explicitly identified in the contract.
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Which of the following is not required in order for a contract to contain a lease?!...
Which of the following is not required in order for a contract to contain a lease?...
Which of the following is not required in order for a contract to contain a lease? Multiple Choice The asset must be explicitly identified in the contract The customer can derive substantially all of the potential economic benefits from using the asset The customer can direct the use of the asset throughout the contract term The provider cannot have the right to substute alternative assets during the period of use and could benefit economically from such a substitution
Which of the following is not a sufficient criterion for a lessor to classify a lease...
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2. Which of the following lease contract would be the most likely be classified as a...
2. Which of the following lease contract would be the most likely be classified as a finance lease by the lessee? a. The lease term is 7 years and economic life of the lease asset is 8 years b. The fair value of the lease asset is $20 million, and the present value of the lease payments is $13 million c. Ownership of the leased assets reverts to the lessor at the end of the lease term d. The lessee...
1. From the lessor's standpoint, which of the following statements regarding leasing is false? a. For...
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Refer to the following lease amortization schedule. The 10 payments are made annually starting with the...
Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. Payment Cash Payment Effective Interest Decrease in balance con AWN 6,996 6,436 5,831 5,178 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 7,004 7,564 8, 169...
Which of the following is FALSE? O According to the readings, some other moral justifications for...
Which of the following is FALSE? O According to the readings, some other moral justifications for capitalism are that it creates an incentive structure that tends to encourage people to be more productive and thus, creates a relatively large societal economic ple from which to draw benefits. The poor" under capitalist systems tend to be better off than the poor under alternative statistie, socialist, etc.) systems. Capitalism provides the poor with great potential upward mobility, Capitalism works on the basis...
Required Answer the following multiple-choice questions: a. Which of the following is not considered to be...
Required Answer the following multiple-choice questions: a. Which of the following is not considered to be a nonrecurring item? P 8-13 1. Discontinued operations 2. Extraordinary items 3. Cumulative effect of change in accounting principle 4. Interest expense 5. None of the above. rm? b. Ideally,which of these ratios will indicate the highest return for an individual 1. Return on assets 2. Return on assets variation 3. Return on investments 4. Return on total equity S. Return on common equity...
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Which of the following is not required in order for a contract to contain a lease? Multiple Choice The asset must be explicitly identified in the contract The customer can derive substantially all of the potential economic benefits from using the asset The customer can direct the use of the asset throughout the contract term The provider cannot have the right to substute alternative assets during the period of use and could benefit economically from such a substitution
Which of the following is not a sufficient criterion for a lessor to classify a lease as a sales-type lease? Multiple Choice The lease transfers Ownership of the leased asset to the lessee at the end of the lease term. O The lessee has the option of acquiring the asset during or at the end of the lease term at a bargain price. O The present value of the lease payments is greater than the carrying value of the leased...
2. Which of the following lease contract would be the most likely be classified as a finance lease by the lessee? a. The lease term is 7 years and economic life of the lease asset is 8 years b. The fair value of the lease asset is $20 million, and the present value of the lease payments is $13 million c. Ownership of the leased assets reverts to the lessor at the end of the lease term d. The lessee...
Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. Payment Cash Payment Effective Interest Decrease in balance con AWN 6,996 6,436 5,831 5,178 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 7,004 7,564 8, 169...
Which of the following is FALSE? O According to the readings, some other moral justifications for capitalism are that it creates an incentive structure that tends to encourage people to be more productive and thus, creates a relatively large societal economic ple from which to draw benefits. The poor" under capitalist systems tend to be better off than the poor under alternative statistie, socialist, etc.) systems. Capitalism provides the poor with great potential upward mobility, Capitalism works on the basis...
Required Answer the following multiple-choice questions: a. Which of the following is not considered to be a nonrecurring item? P 8-13 1. Discontinued operations 2. Extraordinary items 3. Cumulative effect of change in accounting principle 4. Interest expense 5. None of the above. rm? b. Ideally,which of these ratios will indicate the highest return for an individual 1. Return on assets 2. Return on assets variation 3. Return on investments 4. Return on total equity S. Return on common equity...
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