Raymond's Leasing Company signed an agreement to lease an asset that has a fair value of $800,000 on December 31, 2014. The lease will be paid in seven equal annual payments of $138,730, beginning on December 31, 2014. The interest rate included in the lease agreement is most nearly equal to
A) 8%.
B) 7%.
C) 6%.
D) 5%.
B
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Under the MBCA, a director:
A. will have dissented if he or she waits for three months after the meeting to bring up dissent. B. will not have dissented if he or she refuses to vote for the proposed course of action. C. will have dissented if he or she gives a written notice of dissent immediately following the meeting. D. will not have dissented even if he or she makes his or her dissent clear to the other board members by having it appear in the minutes.
Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items.
Answer the following statement true (T) or false (F)
Describe at least three situations in which collaborating is the best conflict-management approach to use.
What will be an ideal response?
If a corporation declares a 2-for-1 stock split, which of the following is true?
A) A journal entry is required to show the effect on the stockholders' equity accounts. B) The stockholders will have a higher proportionate ownership share after the split. C) The par value will be reduced to half of the pre-split par value. D) The market price of the stock is expected to increase after the split.