1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garri49 [273]
3 years ago
8

In government-wide financial statements, the assets acquired under a capital lease would be reported at ____ (A) The total of al

l payments under the lease.(B) The present value of the required lease payments.(C) The undiscounted total of required lease payments.(D) They are not reported in the government-wide financial statements.
Business
1 answer:
maria [59]3 years ago
4 0

Answer:

(B) The present value of the required lease payments.

Explanation:

According to my research, government-wide statements organize information by whether it relates to governmental activities or business-type activities. Since a Capital Lease is basically a temporary transfer of complete ownership from one person to another then it would be reported at the present value of the required lease payments.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in
Fees in 1st year Suppose Adrian and Clemens each Invest $10,000. Adrian Invests in an actively managed mutual fund that has an a
alekssr [168]

Answer:

Task 1:

The answer is $700.

Task 2:

The answer is $130.

Task 3:

The answer is $20.

Task 4:

The answer is $10,570.

Task 5:

The answer is $110.

Explanation:

<h2>Task 1:</h2><h3>How much does each investor make on his investment with the 7% rate of return?</h3><h3>Solution:</h3>

Adrian & Clemens makes [$10,000*0.07] on their investment = $700.

<h2>Task 2:</h2><h3>How much does Adrian pay in fees for his actively managed mutual fund?</h3><h3>Solution:</h3>

Adrian owes to his broker = (10000*.013) = $130

<h2>Task 3:</h2><h3>How much does Clemens pay in fees for the index fund?</h3><h3>Solution:</h3>

Clemens owes to his broker= ($10000*.002) = $20

<h2>Task 4:</h2><h3>At the end of the year, what's the total value (AFTER FEES) of Adrian's mutual fund?</h3><h3>Solution:</h3>

Value of Adrian's stock = $10000+$570 (net of brokerage) = $10,570

<h2>Task 5:</h2><h3>What's the total value (AFTER FEES) of Clemens's index fund?</h3><h3>Solution:</h3>

Value of clemens' stock = $10000+$680 (net of brokerage) = $10,680

<h2>Task 6:</h2><h3>How much more value does Clemens' investment generate than Adrian's in one year's time?</h3><h3>Solution:</h3>

Clemens investment makes ($680-$570) than adrian's investment = $110

4 0
3 years ago
Jobs in the skilled labor category require what?
son4ous [18]
Minimum of 2 years word experience. :) 
3 0
3 years ago
Public Good Contribution: Three players live in a town, and each can choose to contribute to fund a streetlamp. The value of hav
givi [52]

Answer:

iahdiahoaihoiahfoaihfhoihfoisoishfoiafhoihsfoiahsfoisahoiahsoiahsaohfoaihsfoiashfoishosihoihsoihsoiasoihsoishoishoisfhioshosfhosfihosfihisohsoihoihosifhoifhhf

Explanation:

7 0
3 years ago
Use the information below to answer the following question. The following lots of a particular commodity were available for sale
Andreas93 [3]

Answer:

$1,510

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

The business had a total of 40 inventories.

The inventories sold = 40 - 20 = 20

The cost of the goods sold would first be alloted to the 3rd purchased inventory = 10 x $77 = $770

The remaining cost of goods sold would be allocated to the 2nd purchase of inventory = 10 x $74 = $740

Total = $740 + $770 = $1,510

I hope my answer helps you

8 0
3 years ago
which of the following statements are correct regarding the requirements to meet the economic performance test under the various
bija089 [108]

Certain liabilities, which includes rebates, refunds, and employees reimbursement payments, may be deducted while incurred irrespective of while charge is ma is INCORRECT concerning the necessities to satisfy the financial overall performance test.

The required details for liabilities in given paragraph

A legal responsibility is some thing someone or corporation owes, normally a sum of money. Liabilities are settled over the years thru the switch of financial advantages consisting of money, goods, or services. Recorded at the proper aspect of the stability sheet, liabilities encompass loans, debts payable, mortgages, deferred revenues, bonds, warranties, and accumulated expenses. Liabilities may be contrasted with property. Liabilities consult with matters which you owe or have borrowed; property are matters which you personal or are owed. a legal responsibility is an responsibility among one celebration and every other now no longer but finished or paid for. In the arena of accounting, a monetary legal responsibility is likewise an responsibility however is greater described through preceding enterprise transactions, events, sales, trade of property or services, or whatever that could offer financial gain at a later date.

Current liabilities are normally considered short-term (anticipated to be concluded in three hundred and sixty five days or less) and non-present day liabilities are long-term (three hundred and sixty five days or greater).

To know about liabilities click here

brainly.com/question/14921529

#SPJ4

Complete question

Which of the following statements is INCORRECT regarding the requirements to meet the economic performance test under the various ways a liability can arise?

8 0
1 year ago
Other questions:
  • Ian admits to and corrects bookkeeping mistakes right away. Shin Lee reported a conflict-of-interest issue to her supervisor imm
    9·1 answer
  • With​ e-commerce and the​ internet, which of the following depicts a trend in​ advertising?
    6·1 answer
  • Which type of air mass forms over the ocean near the equator
    15·1 answer
  • Explain what a debit memorandum is by completing the following sentence.When a buyer returns or takes an allowance on merchandis
    13·1 answer
  • In addition to evaluating the vendors' responses from the formal rfp process, what other type of data collection for a leading c
    7·1 answer
  • How much does Walmart net
    5·1 answer
  • Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owner’s equity:_______.
    11·1 answer
  • Trade sanctions were often enacted as expressions of U.S. revulsion against nations for their internal practices, such as human
    8·1 answer
  • Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.
    11·1 answer
  • Which of the following statements regarding the graphs tool are correct? Check all that apply. All graphs contain at least one g
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!