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Answer:
Dr Right of use asset 59,007.60
Cr Lease liability 59,007.60
Explanation:
Variable lease payments are generally not included as right of use asset or lease liability. Even though a 60% possibility exists that an additional $5,000 will be paid, they are not based on an index and are not disguised payments (only two exceptions to this rule).
Annual lease payments = $12,000
PV annuity factor, 6%, 6 periods = 4.9173
PV of lease payments = $12,000 x 4.9173 = $59,007.60
It is false that real estate is a great way to investment for everyone, particularly since the money is more liquid than common stocks.
Answer:
The classical view of social responsibility is that managers today are employees with a primary responsibility to shareholders and their single focus should be on generating financial returns.
Explanation:
