Which of the following statements regarding lessee-guaranteed residual values is true for the lessee? A. The asset and liability at the beginning of the lease should be increased by the amount of the residual value to the extent that guaranteed residual value is expected to exceed estimated residual value.
B. The asset and liability at the beginning of the lease should be decreased by the present value of the residual value to the extent that guaranteed residual value is expected to exceed estimated residual value.
C. The asset and liability at the beginning of the lease should be decreased by the amount of the residual value to the extent that guaranteed residual value is expected to exceed estimated residual value.
D. The asset and liability at the beginning of the lease should be increased by the present value of the residual value to the extent that guaranteed residual value is expected to exceed estimated residual value

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)

In germany, wal-mart has been required to buy existing retailers rather than open brand-new stores. what does this illustrate

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.