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k0ka [10]
3 years ago
15

Arena Corp. leased equipment from Bolton Corp. and correctly classified the lease as a finance lease. The present value of the m

inimum lease payments at lease inception was $1,000,000. The executory costs to be paid by Bolton were $50,000, and the fair value of the equipment at lease inception was $900,000. What amount should Arena report as the lease liability at the lease's inception?
Business
1 answer:
nadya68 [22]3 years ago
8 0

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.

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The four major expenditure categories of GDP are: Group of answer choices consumption, government purchases, taxes, and investme
Nimfa-mama [501]

Answer:

consumption, investment, government purchases, and net exports.

Explanation:

The Gross Domestic Products (GDP) is the measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country. The Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being.

Basically, the four major expenditure categories of GDP are consumption, investment, government purchases, and net exports.

4 0
2 years ago
Countries with high rates of economic growth tend to have
Romashka-Z-Leto [24]

Answer: A labor force that is more productive

Explanation:

  According to the given question, a good productive labor force helps in producing the various types of products and the services in the market and also maintain the economical growth of the country.

 The high rates of the economical growth are tends to have a labor force which is more productive as it helps in supplying the finished goods and the services according the demand and the requirement of the customers.

The high productivity helps in increase the economical growth of an organization and also increase the umber of employment in the country.      

 Therefore, the given answer is correct.    

   

7 0
3 years ago
Teresa purchased a necklace for $100 in 1964. In 2014, Teresa gave the necklace to her granddaughter, Lindsey.
padilas [110]

Answer:

d)$1,100 long-term capital gain

Explanation:

Given the information from the question. We know that a long-term capital gain or loss comes from investment that was possessed for a year or longer. However in this case, since the necklace was a gift .Therefore, there were no capital gain in 2014. In 2016, Lindsey sold the necklace for $1200. Therefore, the capital gain on the necklace will calculated as $1200- $100 = $1100. Where the $100 is a cost purchase for the previous owner. Therefore, long-term capital gain is $1100 which is option D.

8 0
3 years ago
True or False.
Lana71 [14]

Answer:

False

Explanation:

Checklists can help when hiring temporary staff and also in confirmation of delivery of goods or commodities ordered. Also, a checklist can help a project manager decide which positions are open or occupied and if the filled positions have the required skills to take on or work within the project.

Cheers.

6 0
3 years ago
Why is the implementation of projects important to strategic planning and the project manager?
sineoko [7]

Answer and explanation:

Implementation of projects is important to strategic planning and the project manager because it finds out how successful a project could be according to the goals set to accomplish the objective. In the process, it unveils issues and challenges that were not anticipated that can be solved in time, providing the desired or a better version of the output wanted.

4 0
3 years ago
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