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Pachacha [2.7K]
3 years ago
7

For the lessee to account for a lease as a finance lease, the lease must meet: Multiple Choice Any two of the criteria specified

by GAAP regarding accounting for leases. All five of the criteria specified by GAAP regarding accounting for leases. Any one of the six criteria specified by GAAP regarding accounting for leases. Any one of the five criteria specified by GAAP regarding accounting for leases.
Business
1 answer:
maxonik [38]3 years ago
5 0

Answer:

The correct answer is Any one of the five criteria specified by GAAP regarding accounting for leases.

Explanation:

According to the information in FAS 13, criteria for accounting for financial and operating leases must be followed, such that the asset must be recognized all the risks according to the property, considering the times of the lease and in other cases the future purchase options the which must be reasonably recorded. If these criteria are not met it should be classified as an operating lease.

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"You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling p
grigory [225]

Please see the complete question below.

"You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling process.

(A) approach

(B) qualifying

(C) prospecting

(D) introduction

Answer:

The answer is approach (Option A)

Explanation:

The approach step is a vital step in the selling process in which a salesperson makes a call to, or visit a prospective customer for the first time. In other words, it is the step in which the sales person establishes a rapport with the prospective customer.

Thus, it is important that the salesperson makes a good first impression by presenting himself/herself in a professional manner, exhibit credibility as well as all other qualities need to start a good relationship with the prospective customer because first impression lasts long.

6 0
3 years ago
Which of the following strategies would increase a person's net pay per month but might result in a large amount of taxes owed l
natulia [17]
The answer would be a.<span />
4 0
3 years ago
Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu
Misha Larkins [42]

Answer:

d. $73,500

Explanation:

The computation of the estimated total manufacturing overhead for the customizing department is shown below:

= Total fixed manufacturing overhead cost + Variable manufacturing overhead cost

where,

the variable manufacturing overhead cost = Customized Direct labor-hours × Variable manufacturing overhead per direct labor-hour

= 7,000 units × $5

= $35,000

And, the Total fixed manufacturing overhead cost is $38,500

Now put these values to the above formula

So, the answer would be equal to

= $38,500 + ($7,000 hours × $5 per hour)

= $38,500 + $35,000

= $73,500

5 0
4 years ago
Stella is 16 years old. She earned $3,500 this year at a local ice cream shop, and another $3,500 in cash babysitting her neighb
andrew-mc [135]

Answer:She does not have to file a tax return.

Explanation:She is below the poverty line.

4 0
3 years ago
Read 2 more answers
Which of the following are examples of hidden unemployment? Select the two correct answers below. Select all that apply: John is
mihalych1998 [28]

Answer:  

  • Lisa cannot find the job she wants so she has stopped looking.
  • Penny has a college degree in nursing, but currently has to work as a store clerk as it is the only available job in her small town.

Explanation:

Hidden Unemployment also known as Disguised Unemployment in simple terms refers to the following people; people who are not working and have given up on looking for work because they could not find any, people who have the skillset and determination to work full-time working only part time and people who are underemployed meaning that they are working a job that they are overqualified for.

Hidden Unemployment is considered hidden as it is not reflected in employment statistics.

Lisa could not find a job so she stopped looking. This is Hidden Unemployment and official figures will not even count her as unemployed because you need to be actively looking for work to be classified unemployed.

Penny is overqualified for the store clerk position she holds or rather she is qualified for a different profession. Employment statistics will however show her as employed.

6 0
3 years ago
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