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Business, 26.11.2019 23:31 bailey814

On january 1, 20x5, blaugh co. signed a long-term lease for an office building. the terms of the lease required blaugh to pay $10,000 annually, beginning december 30, 20x5 and continuing each year for 30 years. the lease qualifies as a finance lease. on january 1, 20x5, the present value of the lease payments is $112,500 at the 8% interest rate implicit in the lease. in blaugh's december 31, 20x5 balance sheet, the finance lease liability should be

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On january 1, 20x5, blaugh co. signed a long-term lease for an office building. the terms of the lea...
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