On January 1, 2021, Worchester Co. leased non-specialized machinery under a 6-year lease. The machinery has a 10-year economic life. The present value of the monthly lease payments is determined to be 70% of the machinery's fair value. The lease contract includes neither a transfer of title to Worchester nor a bargain purchase option. Worchester will record straight-line lease expense: rev: 10_08_2019_QC_CS-185040 Multiple Choice if using IFRS, but not U. S. GAAP. if using U. S. GAAP, but not IFRS. if using either U. S. GAAP or IFRS. neither using U. S. GAAP nor IFRS.

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.