Answer:
Deferred at the time of the sale-leaseback and subsequently amortized.
Explanation:
Brown properties is involved in a sales-leaseback transaction, and still has the right to substantially all of the remaining use of the property. So the company will have a higher income in the year when the revenue from sales was made.
The company will make less when they are paying the lease interest expense in subsequent years. So it will be better to defer the gain from the sale and armortisenit over the lease term. This will cancel out the loss realised from lease Interest expense.
It describes the
ethical decision, which needs consideration, of an employee leaving his failing company and starting
his own and progressing to a level where they are competing with their previous
employers.<span>
The box states an environment where a company is faltering
and an employee has an idea who goes independently to make business of same
kind a successful one. Being in the same business the employee has a choice of contacting
the previous customers directly, the box asks the learners to see its ethical
aspects as well as consequences and choices.
</span>
Answer:
Cafeteria Plan
Explanation:
This compensation plan allow employee to choose benefit of their choices from the number benefit available
Answer:
The answer is option A. Designing a new backpack at an outdoor sports equipment company is an example of Product-level activity.
Explanation:
A product-level activity is carried out in support of a specific product or activity.
These actions are taken irrespective of the amount of production or service volume associated with a product.
Product level activities relate to specific products and must be carried out regardless of how many batches or units of product are produced or sold.
For example, designing a new backpack at an outdoor sports equipment company is product specific and could involve the production of units or batches to be sold.
Answer:
Current ratio 3.46
Acid-test ratio 1.71
Explanation:
A. Calculation to determine Current ratio
Using this formula
Current ratio =Current assets/Current liablities
Let plug in the formula
Current ratio=$92 million+$84 million+$172 million+$8 million/$78 million+$25 million
Current ratio=$356 million/$103 milion
Current ratio=3.46
B. Calculation to determine the acid-test ratio
Acid-test ratio=$92 million+$0+$84 million/$78 million+$25 million
Acid-test ratio=$176 million/$103 million
Acid-test ratio=1.71