Answer: Long-term Liability
Step-by-step explanation:
This question relates to the classification of the lease above in accounting.
A long term liability is a payment that is owed by a company for a period lasting more than a year.
When a lease is for more than a year as is the case here, you take the present value of the lease and consider that amount to be a long term liability because it would represent an amount that the company is to pay for more than a single period.,
Answer:
1.) 5
2.) 6
Step-by-step explanation:
Answer:
the answer is 112
Step-by-step explanation:
901-789=112
You can substitute what y is into the second equation, so:
3x + 4(2x + 1) = 26
3x + 8x + 4 = 26
11x + 4 = 26
- 4
11x = 22
÷ 11
x = 2
y = (2 × 2) + 1
y = 5 + 1
y = 5
So you get x as 2 and y as 5, I hope this helps!
