Answer:
The initial problem of this question is you left out a bunch of context of what you are asking about.
Explanation:
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Answer: The correct answer is "b) the lessor records a receivable for the present value of lease payments.".
Explanation: In an operating lease <u>the lessor records a receivable for the present value of lease payments.</u>
In this case, only the lessor must register its credit with the lessee because the operating leases are determined as financing outside the balance sheet, therefore a leased asset and associated liabilities of future rental payments should not be presented in the general balance of a company, with the objective of keeping the debt to capital ratio low.
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Answer:
The correct answer is letter "A": Finished goods inventory.
Explanation:
Finished goods inventory refers to those products that have reached their maximum level of completion and are stored in the manufacturing company inventory waiting for retailers or end-consumers to demand them. Finished goods are also called <em>final goods</em>.
Answer:
A $1,300 Credit to Paid in Capital in excess of par Common stock.
Explanation:
Common Stock value=Shares* Par value per share
Common Stock=100*$5
Common Stock=$500.
First we will prepare journal Entry:
Account Debit Credit
Organization Expense $1,800
Common Stock $500
Paid in Capital in excess $1,300
of par Common stock.
So Correct option is:
A $1,300 Credit to Paid in Capital in excess of par Common stock.
