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Neporo4naja [7]
3 years ago
14

Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a fin

ance lease. At the time of the sale, the gain should be reported as
Business
1 answer:
USPshnik [31]3 years ago
6 0

Answer:

a deferred gain

Explanation:

Deferred gain occurs when the recipient of the proceeds or profits from a transaction do not collect it all upfront. Some of the gain is not collected now but deferred to some future time.

It is referred to as unrealised revenue and is represented on the balance sheet as a liability.

In the given scenario Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. This means not all the gains from the sale are received now.

So this is a deferred gain.

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Define numeric records management and list three reasons for storing records by the numerical method.
Kryger [21]

Numeric record management is a numeric storage technique that utilizes the last two or three digits of each number as the primary division where the record is filed. In this system, records are arranged based on numbers. This system is essential in health care data handling and employee records storage.

The first reason for storing records by the numeric technique is that allows for keeping confidential records, especially in organizations. This method identifies specific records while maintaining confidentiality. It can be of great assistance when handling medical data for patients and employee records because it applies the HIPAA rules.

Numeric record management ensures high accuracy where a high volume of files can be retrieved and re-filed frequently. A color code label is applied and it ensures file retrieval and re-shelving faster and with less confusion. The first, middle, and last number changes together with the color code. The color gives a visual clue which boosts the speed and efficiency of the filling process.

Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.

t guides the group's efforts towards achieving specific, predetermined goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.

Help Group Achieve Goals - Organize production factors, gather and organize resources, and effectively integrate resources to achieve goals. It directs the group's efforts toward achieving pre-established goals.

Learn more about  management here

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7 0
2 years ago
Incite Co. has a 30 percent tax rate. Its total interest payment for the year just ended was $43.4 million. What is the interest
inn [45]

Answer: $13,020,000

Explanation:

Given that,

Tax rate = 30%

Total interest payment for the year just ended = $43,400,000

Interest Tax Shield = Tax rate × Total interest payment

                               = 30% × $43,400,000

                               = 0.30 × $43,400,000

                               = $13,020,000

Therefore, the interest tax shield is $13,020,000.

7 0
3 years ago
A news story on the bonuses received by executives of a bank that received bailout money from the federal government is an examp
alekssr [168]
A news tale on the bonuses received by means of executives of a financial institution that obtained bailout money from the federal authorities is an example of publicity.
it is gaining public visibility or cognizance for a product, service or your business enterprise through the media. it's miles the publicist that contains out exposure, while PR is the strategic control feature that helps a company speak.
3 0
3 years ago
Five example of the key elements of effective event planning?​
evablogger [386]

Answer:

1) Know your Audience.

2)Engage your Guests.

3) Set Reasonable Budget Expectations.

4)Set an Intention for your Event.

5)Draft a plan and follow the timeline: ...

Explanation:

7 0
3 years ago
Why do corporations pay attention to what is happening to their stock in the secondary market
bagirrra123 [75]

Answer:

The existence of the secondary market makes their stock more liquid and the price in the secondary market sets the price that the corporation would receive if they choose to sell more stock in the primary market.

Explanation:

3 0
2 years ago
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