Option A is correct
If someone buys a car, he can sell it later when he needs some money. He can also sell the car if the car becomes obsolete or useless. In the leasing contract, the car will not be owned by the lessee (or the user). So, the lessee cannot sell the car but can use only for the specified period of time. Only the lessor can sell the car and get some money.
Therefore, from the given options, the benefit of the buying vs leasing is that the buyer can sell the car later to get some money back.
Answer:
the journal entry to record the loan:
E.g. January 1, 202x, loan made to Ryan Company
Dr Notes receivable 69,000
Cr Cash 69,000
the journal entry to record the collection of the note:
E.g. January 31, 202x, note collected from Ryan Company
Dr Cash 69,575
Cr Notes receivable 69,000
Cr interest revenue 575
interest revenue = $69,000 x 10% x 30/360 = $575
Look this up this is really hard to understand
Answer:
A plant asset will add to assets and subtract from liabilities.
Explanation:
The general ledger holds all of the information needed to prepare financial statements and includes assets, liabilities, equity, revenue and expenses.
I hope I understood the question and that this helps.
