What payments are included in the lease liability?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
The lease liability is recorded at the present value of the lea...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Managerial Accounting questions
-
Utilizing the CAFR obtained for Exercise 117, answer these questions. a. General and Other Capital Assets: (1) Reporting of Capital Assets. Are capital assets reported as a line-item in the...
-
You have just been hired as the new controller of SWT Services Inc., and on the top of the stack of papers on your new desk is a bundle of draft contracts with a note attached. The note says please...
-
You have just been hired as the new controller of SWT Services Inc., and on the top of the stack of papers on your new desk is a bundle of draft contracts with a note attached. The note says, "Please...
-
What are the concepts of traditional and contemporary organizational design? Will these designs be influenced differently by management and the environment?
-
A scratch awl has a plastic handle and a steel blade and shank. Knowing that the specific weight of plastic is 0.0374 lb/in3 and of steel is 0.284 lb/in3, locate the center of gravity of the awl. -36...
-
T. Corlett Company has the following merchandise account balances: Sales Revenue $180,000, Sales Discounts $2,000, Purchases $120,000, and Purchases Returns and Allowances $30,000. In addition, it...
-
Is it possible for the NPV of a project to be positive while the IRR is less than the discount rate? Explain.
-
Theatre Seating, Inc., makes high-quality adjustable seats for theaters. The companys activity-based costing system has four activity cost pools, which are listed below along with their activity...
-
What is the financial advantage (disadvantage) of making the 70,000starters instead of buying them from an outsidesupplier? Futura Company purchases the 70,000 starters that it installs in its...
-
Complete the function listmodn that, given an input list alist, an input value n, and an input index i, will attempt perform the modulo n operation on the i-th element of alist and return this value....
-
Describe the following terms: (a) Residual value, (b) Guaranteed residual value, (c) Initial direct costs.
-
Wonda Stone read somewhere that a residual value guarantee is used for computing the present value of lease payments. Is Wonda correct in her interpretation? Explain.
-
Three motion diagrams A are shown. Which is a dust particle settling to the floor at constant speed, which is a ball dropped from the roof of a building, and which is a descending rocket slowing to...
-
"Stephenson Real Estate Recapitalization Stephenson Real Estate Company was founded 25 years ago by the current CEO, Robert Stephenson. The company purchases real estate, including land and...
-
Problem 3 (adapted) FQS Corporation makes available the following information relative to its Material G4. Annual demand 30,000 units Working days in a year 300 days Normal lead time 12 days Maximum...
-
17. The Bennington Rescue Squad purchases a new lift chair for $23,000. It is expected to last 10 years and have a salvage value of $1,500. Show a depreciation schedule for the first 3 years only...
-
Implement enough of the type checker to get test12.sml to type check correctly. This will mean writing the Wild inference rule as a Prolog predicate, implementing the Match rules predicate called...
-
Tron Industries produces electronic equipment and uses backflush costing.There are no beginning inventories of raw materials or finished goods.See below for the following data related to the month:...
-
What would happen if we removed the root != null test from the printPreorder method?
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
On October 1, 2017, Healy Farm Equipment Corp. sold a harvesting machine to Homestead Industries. Instead of a cash payment, Homestead Industries gave Healy Farm Equipment a $150,000, two-year, 10%...
-
On December 31, 2017, Zhang Ltd. rendered services to Beggy Corp. at an agreed price of $91,844.10. In payment, Zhang accepted $36,000 cash and agreed to receive the balance in four equal instalments...
-
Desrosiers Ltd. had the following long-term receivable account balances at December 31, 2016: Notes receivable .................................................. $1,800,000 Notes receivable-Employees...
-
QLD The purpose of a Production Department, Budget include cot Lot project production cost figure by month (b) project revenue figures by month 2) project unit sales figure by month. (d) fall of the...
-
VSOE" stands for: "Vendor-specific objective evidence." O "Vendor substantiation of earnings." O "Variable set overhead earned." O "Value-specified operating earnings
-
Please answer with reason for all why the option is correct and why the other options are incorrect,, Please help with this Accounting type Question: The current ratio is ratio between: A . Current...
Study smarter with the SolutionInn App