On the road, digital convergence takes the form of smart phones and other multipurpose handheld devices that merge cell phone, PDA, MP3 player, digital video player, and digital camera functionality into a single portable device.
Answer the following statement true (T) or false (F)
True
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Observing behavior can help you interpret meaning, especially if the behavior is inconsistent with a spoken statement
Indicate whether the statement is true or false.
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not 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 lessor 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 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. The capital, or finance, lease method, treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale.
The estimated amount of depreciation on equipment for the current year is $5,300 . Journalize the adjusting entry to record the depreciation
The SAT scores of students are normally distributed with a mean of 950 and a standard deviation of 200. a.Nancy Bright's SAT score was 1390. What percentage of students have scores higher than Nancy Bright?b.What percentage of students score between 1100 and 1200?c.What are the minimum and the maximum values of the middle 87.4% of the scores?d.There were 165 students who scored above 1432. How many students took the SAT?
What will be an ideal response?