The readability level of a passage is affected by the length of the sentences and difficulty of the words
Indicate whether the statement is true or false
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Shuttle Master Airlines has leased an aircraft from Streamline Aircraft Company. The annual payments are $1,000,000 and the life of the lease is 18 years. It is estimated that the useful life of the aircraft is 20 years. How would Shuttle Master Airlines record the acquisition of the aircraft? The effective rate of interest is 9%
a. The company would not record the aircraft as an asset but would record rent expense of $1,000,000 per year for 18 years. b. The company would not record the aircraft as an asset but would record rent expense of $900,000 per year for 20 years. c. The aircraft would be recorded as an asset with a cost of $8,756,000. d. The aircraft would be recorded as an asset with a cost of $9,129,000.
Under federal law, a percentage of the employee's wages must be withheld
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Identify the accounts that would normally have balances in the credit column of a business's trial balance
A. Assets and revenues. B. Revenues and liabilities. C. Dividends and liabilities. D. Liabilities and expenses. E. Revenues and expenses.
The federal government has preempted the field of online privacy, so states may not pass their own online privacy statutes
a. True b. False Indicate whether the statement is true or false