Business, 26.10.2021 14:00, absmentalbreakdown
Which of the following is not among the criteria for classifying a lease as a finance lease?
a. The agreement specifies that ownership of the asset transfers to the lessee.
b. The agreement contains an option to purchase the underlying asset that the lessee is reasonably certain to exercise.
c. The lease term is for substantially all of the remaining economic life of the underlying asset.
d. The present value of the sum of the lease payments and any residual value guaranteed by the lessee that isn't already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset.
Answers: 2
Business, 22.06.2019 16:00, angelinaranee15
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
Answers: 1
Business, 22.06.2019 17:40, makayladurham19
Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.
Answers: 1
Which of the following is not among the criteria for classifying a lease as a finance lease?
a. Th...
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