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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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kompoz [17]

Answer:

false

Explanation:

6 0
3 years ago
Analysis reveals that a company had a net increase in cash of $22.420 for the current year. Net cash provided by operating activ
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8 0
3 years ago
LO 4.4Assigning indirect costs to specific jobs is completed by which of the following?
LUCKY_DIMON [66]

Answer:

using the predetermined overhead rate

Explanation:

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As we know

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As the case maybe

By using the predetermined we can easily allocate the indirect cost to the specific cost

6 0
3 years ago
A formulator does all of the following except? A) finds solutions for problems. B) thinks outside-the-box C) figures out specifi
jeka57 [31]
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BaLLatris [955]

Answer:

True

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