Henson Manufacturing Company signed a 3-year contract for the use of certain manufacturing equipment with an estimated life of three years. Henson Manufacturing Company cannot cancel the contract. What entry is made to record the contract?
a. Rent Expense XX
Cash XX
b. Manufacturing Equipment XX
Cash XX
c. Leased Asset--Manufacturing Equipment XX
Lease Liability XX
d. Lease Liability XX
Leased Asset--Manufacturing Equipment XX
e. Rent Expense XX
Leased Asset--Manufacturing Equipment XX
C
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_____ are the end results toward which the firm directs its energies
a. Goals b. Strategies c. Objectives d. Activities e. Milestones
A business presentation should indicate a consideration for the audience's point of view by _____
A) minimizing problems or concerns B) telling the audience what they need from the presentation C) describing how the audience can support your solutions D) being held at a nearby location E) using words such as "you" and "we"
Which of the following is an example of a debit memorandum?
A) Notice of a bank service charge B) Notice of interest earned on a checking account C) Outstanding checks D) A company's transposition error in the recording of a deposit
Callander Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $140.50 per unit. Sales volume (units) 6,000 7,000Cost of sales$497,400 $580,300Selling and administrative costs$273,600 $294,700 The best estimate of the total contribution margin when 6,300 units are sold is:
A. $362,880 B. $97,650 C. $229,950 D. $75,600