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torisob [31]
2 years ago
14

Pina Corporation entered into an operating lease agreement to lease equipment from Badger, Inc. on January 1, 2017. The lease ca

lls for annual lease payments of $30,000, beginning on January 1, for each of the 3 years of the lease. In addition, Badger will pay Pina $6,000 as a cash incentive for entering the lease by January 1, 2017. In relation to the lease agreement, Pina incurred the following costs.
Salaries of employees involved in the investigation of the lease $3,000
Lease document preparation costs incurred after execution of the lease 500
Pinas incremental borrowing rate is 9%.
Required:
a. If the value of the lease liability is $82 773, what amount wil Pina record as the value of th operating lease?
Business
1 answer:
posledela2 years ago
4 0

Answer:

= $80,273

Explanation:

Value of the right of use asset = Value of lease liability - cash incentive received + costs incurred for lease

                  = $82,773 -$ 6,000 + $3,000 + $500

                     =$80,273

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Which of the following statements is likely to be made by an economist who believes in activist monetary policy? (1) The more cl
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Answer:

(1) The more closely monetary policy can be designed to meet the particulars of a given economic environment, the better.

Explanation:

Monetary Policy is the instrument by which the Central Bank conducts the economy. The debate over monetary policy is basically divided into two groups. Monetarists who believe that monetary policy should be used only to maintain price stability - contain inflation. On the other hand, monetary policy activists argue that, in addition to containing inflation, monetary policy is a powerful instrument that can be used to influence the economy in other sectors, for example in stimulating job creation. This would make monetary policy an instrument designed to address particularities of the economic system.

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2 years ago
The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption
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Answer:

There is no change in investment for Apletra.

Explanation:

Because GDP, consumption, and government spending remains the same there would also be no chane in investment for Alpletra.

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3 years ago
It is important when you first start using social media to create a trial because?
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The correct option is D.
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Jamal (now age 54) lost his job. he has very specialized skills that are no longer in demand. jamal's unemployment is best class
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2 years ago
Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pa
kow [346]

Answer:

C) $120,000

Explanation:

Since Copper corporation owns 65% of Bronze Corporation, its dividends received deduction (DRD) is 80% of the dividends received.

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  • stake at another corporation is between 20% to 80%, DRD = 80% (Copper's case)
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Therefore, if Copper received $150,000 in dividends from Bronze, it can deduct 80% of that amount = 80% x $150,000 = $120,000

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2 years ago
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