Answer:
Equipment 255,667 debit
Lease Liability 255,667 credit
Explanation:
The company will post the equiptment int accounting as the same value of the discounted lease payment.
C 20,000
time 25
rate 0.06
PV $255,667.1232
On each year-end the company will recognize the interest expense and the payment of 20,000 dollars
By the end of the lease, there will be no lease liability as all payment were made
Answer:
The ending balance in the Allowance for Bad Debts is $29,000
Explanation:
The computation of the ending balance in the Allowance for Bad debts is shown below:
= Estimation of the uncollectible accounts
= $29,000
As for calculating the bad debts expense, the business organization has to do an estimate based on this, the company could create the allowance for bad debts.
The other information which is given in the question is not relevant. Hence, ignored it
Answer:
Explanation:when cash comes In bills hit you hard
Answer:
$31. 15
Explanation:
From the question we are required to find the new stock price considering that no market imperfections or tax effects exist.
stock dividend = 22 percent
Amount per share = $38
At a a stock dividend of 22 percent, new share price would be
= $38(1 / 1.22)
= $31.15
