Answer:
$1,000,000
Explanation:
The Amount to be reported as lease liability must <em>depict </em>the present value of future cash outflows required to be paid as the entity enjoys its <em>right to use the asset</em>.
Thus, the present value of the minimum lease payments at lease inception was $1,000,000 represents the amount of lease liability.
Answer:
Decentralised
Explanation:
Leaf lover's garden is an organisation which has given their regional managers the authority to make decisions on the behalf of the company. Any organisation which provides their mid-level and low-level managers the authority to make decisions is known as decentralised organisations. This type of organisational structure is different from the centralised organisation, where most of the decisions are made by top managers and CEOs.
The given statement about the reasons why individuals join groups is True.
<h3>What is a Group?</h3>
This refers to the collection of individuals in unison to achieve a set goal or to expand their interests, leveraging on the network of other members.
Hence, we can see that the given statement that Individuals join groups for two primary reasons: to enjoy the company of others and to accomplish goals unattainable by themselves is true.
Read more about interest groups here:
brainly.com/question/14363531
Answer:
The insurance expense on the annual income statement for the year ended December 31, 2019 will be D. $337.50
Explanation:
The company paid the $1,350 premium on a three-year insurance policy.
The insurance expense per year = $1,350/3 = $450
From April 1, 2019 to December 31, 2019, the company had bought the insurance for 9 months.
The insurance expense on the annual income statement for the year ended December 31, 2019 = $450/12x9 = $337.5
Answer: Off- Price Retail Store
Explanation: An off price retail store also known as treasure hunt is a store that sells at very low prices. They stock wide range of original goods from well known manufacturers and sell at reduced price.
It focuses more on fashion goods from well known designers. The items bought here are well known for quality.
