A lease agreement included the following provisions: Inception of the lease: 1/1/2014 Annual lease payments of $6,000 are due 12/31/2014, 12/31/2015, 12/31/2016 Annual lease payments of $4,000 are due 12/31/2017, 12/31/2018, 12/31/2019 The lease calls for a total of six lease payments. The lessor's implicit rate of return is 12%. The lease is a capital lease to the lessor. How much interest
revenue is recognized in 2014 by the lessor, assuming a calendar-year fiscal year?
a. $3,600
b. $3,419
c. $2,550
d. $2,118
C
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Answer the following statement true (T) or false (F)
Straight-line depreciation is a typical example of a:
A. variable cost. B. step-variable cost. C. curvilinear cost. D. mixed cost. E. fixed cost.
According to the path-goal theory of leadership, ________ involves a leader assigning a task that is challenging enough to stretch a follower, but not so challenging that the follower is unable to complete the task.
A. directive behavior B. participative behavior C. supportive behavior D. achievement behavior
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