Answer: B
Explanation:
Leases can be classified as either operating leases or financing leases(also called capital leases). ITo know the difference of the two, one must be aware whether the risks and rewards associated with ownership of the asset have been fully transferred to the lessee from the lessor.
If these risks and rewards have been fully transferred, it is called a financing lease (financing leases are known as capital leases). Otherwise, it is an operating lease, which is basically the same as a landlord and tenant contract.
Answer:
Equipment $450,000 (debit)
Cash $35,000 (credit)
Suppliers Loan $415,000 (credit)
Explanation:
George Bailey must recognize the Asset of Equipment, de-recognize the Assets of Cash and recognize the Suppliers Loan as above.
Answer:
The correct answer is letter "D": Andy Friese was formerly employed at Reliable Auto. He has been out of work for six months, and he gave up looking for work over a month ago.
Explanation:
A discouraged worker can be defined as an individual who is not in the labor force, who is willing and capable to join it but has been unemployed since the last time that person had a job for more than 12 months and who has stopped looking for a job somewhere in the past 4 weeks.
Discouraged workers are mainly those that cannot find a job suitable for their skills and who are not willing to secure a job where their skills would be underappreciated. Then, <em>as Andy has given up looking for a job in the past 4 weeks and is not currently in the labor force, he can be considered a discouraged worker.</em>
Answer:
The answer is letter A. Yes, he will win.
Explanation:
a. Yes, because Kraft's story was copyrighted automatically when he wrote it, and Kraft is selling the copyrighted material without Kraft's permission.
Because, according to the copyright protection, it protects the autor's tangible idea, and automatically when he puts it into a tangible form. So, when Kraft wrote his story, it was protected immediately.