Business, 23.05.2020 23:59 kenziebug34
On January 1, 2021, Blossom Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Blossom to make annual payments of $170000 at the beginning of each year for 5 years with title passing to Blossom at the end of this period. The equipment has an estimated useful life of 7 years and no salvage value. Blossom uses the straight-line method of depreciation for all of its fixed assets. Blossom accordingly accounts for this lease transaction as a finance lease. The lease payments were determined to have a present value of $708878 at an effective interest rate of 10%.In 2021, Blossom should record interest expense of $.
Answers: 1
Business, 22.06.2019 20:20
John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.
Answers: 2
Business, 23.06.2019 08:30
In the supply-and-demand schedule shown above, the equilibrium price for cell phones is $25 $100 $200
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Business, 23.06.2019 09:00
Jonathan’s class has 30 boys. of the students in his class, 60% are girls. how many girls are in jonathan’s class? (a)75 (b)60 (c)45 (d)20
Answers: 1
Business, 23.06.2019 22:30
Access office equipment has shifted to sales and service of laptops and pcs, where it has the potential to triple the number of its customers. the company is no longer offering repairs on older types of office equipment because the demand for service on this equipment is low, and profits in that part of the business have dropped significantly. access office equipment is implementing a strategy.
Answers: 1
On January 1, 2021, Blossom Corporation signed a five-year noncancelable lease for equipment. The te...
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