The following facts pertain to a noncancelable lease between JK Co. and Lessor Inc. 1/1/2010 $18,000...

Question

Question

The following facts pertain to a noncancelable lease between JK Co. and Lessor Inc. 1/1/2010 $18,000 5 7 $75,000 $85,000 Ince

The current portion of the lease liability related to this lease transaction on lessee's 2011 balance sheet should be

Answer 1

Answer #1

The Current portion of the lease liabilitiy related to this lease transaction on lessee's 2011 balance sheet should be $12,977.
So, option $12,977 is correct.

Answer 2

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