Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The operating lease method treats leases as executory contracts.
b. The operating lease method recognizes a leased asset on the lessee's balance sheet.
c. The operating lease method does not recognize a lease liability on the lessee's balance sheet.
d. The lessor recognizes rent revenue as the lessee uses the leased asset over time.
e. The lessee recognizes rent expense as the lessee uses the leased asset over time.
B
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PeopleSoft is an enterprise application software that businesses can use to create more efficient relationships with suppliers, customers, and employees
To sell the entire software package, the company uses ________, which includes a technical specialist, an accounting expert, a human resources expert, and a sales representative. A) a selling center B) a buying center C) transactional selling D) team selling E) partner relationship management (PRM)
Most businesses in the United States are:
A) sole proprietorships. B) partnerships. C) corporations. D) separate entities.
The following information is provided by Doppler Systems
Project A Project B Project C Project D Initial investment $426,000 $214,000 $558,000 $516,000 PV of cash inflows $584,000 $382,000 $806,000 $390,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $158,000 $168,000 $248,000 $126,000 Calculate the profitability index for Project A. (Round your answer to two decimal places.) A) 1.01 B) 1.08 C) 1.37 D) 1.67
Which of the following is a duty a principal has toward the agent?? A) A principal must provide the agent with a record of all monetary transactions
B) A principal must obey routine instructions from the agent. C) A principal must keep the agent informed of all financial activities. D) A principal must compensate the agent for his or her services.