U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are true?
a. Under the capital, or finance, lease method, the lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable.
b. Under the capital, or finance, lease method, the lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds.
c. Under the capital, or finance, lease method, the lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment.
d. Under the capital, or finance, lease method, the lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease.
e. all of the above
E
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A letter would be appropriate for which of the following situations?
A) Sending the list of public holidays for the year to all employees B) Alerting employees that a flex-time schedule will go into effect C) Communicating news to a client D) Sending the project schedule to the team E) Dispatching the performance chart of the employees
At December 31, Year 1, Adam Corporation has 5,000 shares of par value common stock, additional paid-in capital of $25,000, total shareholders' equity of $80,000, and retained earnings of $45,000 . What is the par value per share?
a. $1.00 b. $1.50 c. $2.00 d. $2.50 e. $3.00
All of the following are interactive elements of an IMC strategy except
A. public relations. B. personal selling. C. online marketing. D. mobile marketing. E. consumer contests.
Although one revision of prior probabilities can provide useful posterior probability estimates, additional information can be gained from performing the experiment a second time
Indicate whether the statement is true or false