On January 1, the Rodrigues Corporation leased some equipment on a 3-year lease, paying $15,000 at the inception of the lease, and $15,000 per year each December 31. The lease is considered to be an operating lease. Prepare the general journal entry to record the first lease payment on December 31.
What will be an ideal response?
| 1/31 | Lease Liability | 15,000 | ? |
| ? | Cash | ? | 15,000 |
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Which of the following is not one of the objectives of Federal Financial Reporting, as outlined in SFFAC 1, which was issued by the FASAB?
A. Financial reporting should demonstrate accountability with regard to raising and expending money. B. Financial reporting should enable evaluation of the success rate of programs. C. Financial reporting should enable evaluation of the service efforts, costs and accomplishments of the reporting entity. D. Financial reporting should reveal whether financial systems and controls are adequate.
What is third-degree price discrimination?
What will be an ideal response?
In addition to having and knowing how to use the right processes, tools, and technologies, an analyst needs a good work environment, good work habits, and a great attitude.
Answer the following statement true (T) or false (F)
Because many more women were working outside the home, CEO Andrea Jung of Avon changed the organization’s marketing and distribution strategies. The driving force for this change is best described as?
a. demographic and social b. conflict c. internal forces d. technological