Answer: Enron
Explanation:
Enron scandal was an accounting scandal that involved Enron Corporation, which was an American energy company that was based in Houston, Texas.
Enron hid huge amount of trading losses, which led to its bankruptcy. The company used fraudulent accounting practices in order to inflate the revenue of the company and.hid the debt that the company incurred.
If a person doesn't trust you then they will tell other people and the other people won't trust you
Answer:
Financial analysis can be understood as the process of assessing the productivity and appropriateness of firms, initiatives, finances, and other financial activities. Financial analysis is often done to determine whether or not a company is secure, stable, liquid, or lucrative enough to support a financial investment.
A weighted grading method (also known as a weighted scorecard) is a project management approach for weighting various decisions, such as prioritising project tasks, prioritising product component creation, acquiring new equipment, and so on.
Answer:
The journal entry to record the lease would be:
Debit Credit
Asset $3,000,000
Lease Payable $3,000,000
Debit Credit
Lease Payable $195,774
Cash $195,774
Explanation:
To prepare the journal entry to record the lease we would have to calculate the present value of lease payments as follows:
present value of lease payments=$195,774*15.32380=$3,000.000
Therefore, the journal entry to record the lease would be:
Debit Credit
Asset $3,000,000
Lease Payable $3,000,000
Debit Credit
Lease Payable $195,774
Cash $195,774