Health

Health, 02.11.2019 08:31, NotYourStudent

Which of the following best defines the term " lease "
a ) a short term rental
b ) a rental agreement with the option to buy
c ) the terms of the sale of a house
d ) a long term rental agreement

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Business, 08.07.2019 22:20, arulanreddy3754

On january 1, 2014, hayes, inc. leases equipment from smithsonian company for an annual lease rental of $25,000. the lease term is five years, and the lessor's interest rate implicit in the lease is 8%. the lessee's incremental borrowing rate is 8.25%. the useful life of the equipment is five years, and its estimated residual value = its removal cost. annuity tables indicate that the present value of an annual lease rental of $1 (at 8% rate) is $3.993. the fair value of leased equipment = the present value of rentals. (assume the lease is capitalized.)required: prepare accounting entries required by hayes, inc. for 2014.compute and illustrate the effect on the income statement for the year ended december 31, 2014, and for the balance sheet as of december 31, 2014.construct a table showing payments of interest and principal made every year for the five-year lease term.construct a table showing expenses charged to the income statement for the five-year lease term if the equipment is purchased. show a column for (1) amortization, (2) interest, and (3) total expenses.in one paragraph, discuss the income and cash flow implications from this capital lease.

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Business, 26.09.2019 19:10, kdcupcake8004

King cones leased ice cream-making equipment from ace leasing. ace earns interest under such arrangements at a 6% annual rate. the lease term is eight months with monthly payments of $10,000 due at the end of each month. king cones elected the short-term lease option.what is the effect of the lease on king cones’ earnings during the eight-month term (ignore taxes)?

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Social Studies, 07.10.2019 21:00, anthonysutton82

The five criteria provided in gaap for distinguishing a finance lease from an operating lease do not include: the agreement grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise.the agreement specifies that ownership transfers at the end of the lease term.the collectibility of the lease payments must be reasonably predictable.the noncancelable lease term is for the major part of the remaining economic life of the leased asset.

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Which of the following best defines the term " lease "
a ) a short term rental
b ) a r...

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