Answer: D) present value of the remaining lease payments.
Explanation:
When recording a capital lease in the balance sheet of the lessee, the amount recorded is the<em> lower amount </em>between the present value of the remaining lease payments or the cost of the leased asset.
As the <em>cost</em> of the leased asset is <em>equal</em> to the <em>initial</em> present value of the payments, the cost will therefore be higher than the current present value of the remaining payments so the appropriate amount to put in the balance sheet will be the current present value of the remaining lease payments.
The ending balance of the retained earnings account appears both in the statement of stockholders’ equity and the balance sheet.
<h3>Where does retained earnings appear?</h3>
Retained earnings is the profit left after dividends have been paid. It is the profit that is not paid out to shareholders as dividends.
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a point in time. The retained earnings appears in the equity section of the balance sheet.
The statement of stockholders’ equity records the owners equity and changes to the owners equity during a financial year.
The income statement records a company's income and expenses in a financial year. It is used for determining if a firm is operating at a profit or a loss.
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Answer:A True most global firms find it is better to have expatriates rather than local staff at management positions to their foreign operations because expatriates require less training and development.
Answer:
The BEP will decrease, which is good.
The reason is that C90B has a better profit margin than Y45E so if the sales shift toward C90B the Contribution mix margin ratio will be higher and it will be easy to pay fixed cost and make a gain
Explanation:
C90B
sales 37,000
variable expenses 9,250
contribution margin 27,750
CM 0.75
Y45E
sales 29,700
variable expenses 16,335
contribution 13,365
CM 0.45
Answer: taxable income = $162,000
Tax = $46,430
Explanation:
