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qaws [65]
3 years ago
13

When a company sells property and then leases it back, any gain on the sale should usually bea. deferred and recognized as incom

e over the term of the lease.b. recognized as a prior period adjustment.c. recognized at the end of the lease.d. recognized in the current year.
Business
1 answer:
Julli [10]3 years ago
6 0

Answer: A. deferred and recognized as income over the term of the lease.

Explanation:

In a sale-leaseback transaction, that is when a property is sold by a company and leased back, the property seller is the lessee and the property purchase is the lessor. In this case, a sale-leaseback will allow a company to sell an asset so that the company can raise capital, after which the asset can then be leader back.

When a company sells property and then leases it back, any gain on the sale should usually be deferred and recognized as income over the term of the lease.

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Reporting changes in partnership capital accounts is similar to reporting changes for a.a limited liability trust. b.a corporate
Lisa [10]

Answer:

C) a proprietorship.

Explanation:

Partnerships and sole proprietorships operate very similarly, specially because of how their owners are taxed. You must remember that reporting requirements are established or approved by the IRS, and since they are both pass-through entities they accounting and reporting procedures are similar.

5 0
3 years ago
Antonio is a small business owner and files jointly with his spouse. In 2019, he generates $100,000 of net profits from his busi
Mila [183]

Answer:honestly don’t know

Explanation:

I just want 50b

5 0
4 years ago
At the end of an accounting period, it is important to ensure proper inventory _____ to determine the ownership of goods in tran
Rudik [331]

Answer:

Cutoff.

Explanation:

At the end of an accounting period, it is important to ensure proper inventory cutoff to determine the ownership of goods in transit.

In Financial accounting, the term cutoff refers to the process which ensures that business transactions and activities are recorded in the correct accounting period.

An inventory cutoff involves stopping or pausing shipments or receiving of supplies of goods, in order to enable proper accounting and count checks.

8 0
3 years ago
Despite the fact that Abbe and Randall are having personal difficulties, Bill’s primary concern is the productivity of the team
ivolga24 [154]

Answer:

This question refers to a situation where two team leaders (or co-leaders) were engaged in a romantic relationship. When relationships end, things start to change form being great to the opposite. This eventually led to a decrease in the team's productivity and could eventually result in a harassment lawsuit because Randall refused to let Abbe go and kept insisting on the failed relationship.

Since management didn't care about what was happening (even though Abbe told them), and they only cared about the decrease in productivity; we can conclude that they were engaging in a stability strategy. They were trying to maintain the status quo and turn everything back as it used to be before the relationship started, but things were not that easy.

5 0
3 years ago
Vinny is unmarried and provides more than half the support for his cousin Gambini, who lives in Vinny's home for the entire year
anzhelika [568]

Answer:

a. True

Explanation:

Since Vinny is unmarried also it provides more than the half of the support for his cousin whose name is Gambini and she is doing part time job and made three thousand dollars in a year

So vinny would qualify the household head for flining the status

Therefore the given statement is true

hence, it is not false

4 0
3 years ago
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