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Homework Answers
Ans: option A and C:
Capital leasing can be reported in Balance sheet and can be used for depreciation expenses etc and in non tax lease only interest payment can be claimed as expense and not entire lease payments as operating expense
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Which two of the following...
Which of the following statements is FALSE? In a leveraged lease, the lessor borrows from...
Which of the following statements is FALSE? In a leveraged lease, the lessor borrows from a bank or other lender to obtain the initial capital for the purchase, using the lease payments to pay interest and principal on the loan. In some circumstances, the lessor is not an independent company but rather a separate business partnership, called a special-purpose entity (SPE), which is created by the lessor for the sole purpose of obtaining the lease. In a...
The chosen answers may not be correct. Please share your knowledge Which one is correct? Select...
The chosen answers may not be correct. Please share
your knowledge
Which one is correct?
Select two alternatives: Convertible debt usually carries a higher interest rate than other comparable noncovertible debt. A call feature allows the issuer of the bond the right (but not the obligation) to retire all outstanding bonds on (or after) a specific date (the call date), for the call price. Covenants are restrictive clauses in a bond contract that limit the issuer from taking actions that...
The chosen answers may not be correct. Please share your knowledge Select two alternatives: Only few...
The chosen answers may not be correct. Please share
your knowledge
Select two alternatives: Only few countries follow what is called the stakeholder model, giving explicit consideration to other stakeholders in particular, rank-and-file employees. It is important to keep in mind that good governance is value enhancing and so, in principle, is something investors in the firm should strive for In many other countries, the central conflict is between what are called 'controlling shareholders' and 'majority shareholders' such as families...
Respond to the following in a minimum of 175 words PLEASE TYPE RESPONSE: Many individuals and...
Respond to the following in a minimum of 175 words PLEASE TYPE RESPONSE: Many individuals and companies choose to lease for the following advantages. Based on these can you tell me if you were a manager of a company which would you use and why? 1. Leasing reduces the upfront cash needed to use an asset. The purchase of an asset can include several additional fees—loan origination fees, closing costs, brokerage fees, and certain taxes. You know that if you’ve...
Which two of the following five statements are correct? Select two alternatives: By offering assets together...
Which two of the following five statements are correct? Select two alternatives: By offering assets together with complementary services, lessors can achieve efficiency gains and offer attractive lease rates. The decision to lease is often driven by real-world market imperfections related to leasing's accounting, tax, and legal treatment. The lease is treated as a capital lease (financial lease) for the lessee and must be listed on the firm's balance sheet if it contains an option to purchase the asset at...
Which two of the following five statements are correct? Select two alternatives: 1. The decision to...
Which two of the following five statements are correct? Select two alternatives: 1. The decision to lease is often driven by real-world market imperfections related to leasing's accounting, tax, and legal treatment. 2. The lease is treated as a capital lease (financial lease) for the lessee and must be listed on the firm's balance sheet if it contains an option to purchase the asset at its fair market value. 3. In some circumstances, the lessor is not an independent company...
Please help with finding the right account titles! Brief Exercise 21A-7 Your answer is partially correct....
Please help with finding the right account titles!
Brief Exercise 21A-7 Your answer is partially correct. Try again. Windsor Corporation recorded a right-of-use asset for S240 300 as a result of a finance lease on December 31, 2016. Windsor's incremental borrowing rate is 13%, and the implicit rate of the lessor was not known at the commencement of the lease. Windsor made the first lease payment of $41,440 on on December 31, 2016. The lease requires 9 annual payments. The...
Please do the correct journal entry for the lease. Indra: Lots. We purchased equipment costing $8,000,000...
Please do the correct journal
entry for the lease.
Indra: Lots. We purchased equipment costing $8,000,000 this year and we are now leasing 3 new forklifts over a 4-year lease term with semi-annual payments on March 1 and September 1 commencing when the company entered the lease on March 1, 20X3. Wayne decided to lease them without my permission, which is one of the reasons he is no longer here. What really upset me about this was that he didn't...
5. The lease versus purchase analysis - Part 2 Which Is Better: To Lease or To...
5. The lease versus purchase analysis - Part 2 Which Is Better: To Lease or To Buy? A car buyer has two financing alternatives: to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice. How should a lease-versus-purchase analysis be conducted? How can this worksheet be applied...
Goldman Sachs' 10-K report contains the following lease footnote. This is the only information it discloses...
Goldman Sachs' 10-K report contains the following lease footnote. This is the only information it discloses relating to its leasing activity. The firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069. Rent charged to operating expense was $249 million for 2015. The table below presents future minimum rental payments, net of minimum sublease rentals. $ in millions As of December 2015 2016 $317 2017 313 2018 301 2019 2020 2021-thereafter Total...
The chosen answers may not be correct. Please share
your knowledge
Which one is correct?
Select two alternatives: Convertible debt usually carries a higher interest rate than other comparable noncovertible debt. A call feature allows the issuer of the bond the right (but not the obligation) to retire all outstanding bonds on (or after) a specific date (the call date), for the call price. Covenants are restrictive clauses in a bond contract that limit the issuer from taking actions that...
The chosen answers may not be correct. Please share
your knowledge
Select two alternatives: Only few countries follow what is called the stakeholder model, giving explicit consideration to other stakeholders in particular, rank-and-file employees. It is important to keep in mind that good governance is value enhancing and so, in principle, is something investors in the firm should strive for In many other countries, the central conflict is between what are called 'controlling shareholders' and 'majority shareholders' such as families...
Please help with finding the right account titles!
Brief Exercise 21A-7 Your answer is partially correct. Try again. Windsor Corporation recorded a right-of-use asset for S240 300 as a result of a finance lease on December 31, 2016. Windsor's incremental borrowing rate is 13%, and the implicit rate of the lessor was not known at the commencement of the lease. Windsor made the first lease payment of $41,440 on on December 31, 2016. The lease requires 9 annual payments. The...
Please do the correct journal
entry for the lease.
Indra: Lots. We purchased equipment costing $8,000,000 this year and we are now leasing 3 new forklifts over a 4-year lease term with semi-annual payments on March 1 and September 1 commencing when the company entered the lease on March 1, 20X3. Wayne decided to lease them without my permission, which is one of the reasons he is no longer here. What really upset me about this was that he didn't...
5. The lease versus purchase analysis - Part 2 Which Is Better: To Lease or To Buy? A car buyer has two financing alternatives: to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice. How should a lease-versus-purchase analysis be conducted? How can this worksheet be applied...
Goldman Sachs' 10-K report contains the following lease footnote. This is the only information it discloses relating to its leasing activity. The firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069. Rent charged to operating expense was $249 million for 2015. The table below presents future minimum rental payments, net of minimum sublease rentals. $ in millions As of December 2015 2016 $317 2017 313 2018 301 2019 2020 2021-thereafter Total...
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