List the four criteria used to determine if a lease is classified as a capital lease by
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
The criteria for a capital lease are 1 Transfer of ownership at end of lease ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Question Posted:
Students also viewed these Accounting questions
-
List the five criteria used to determine if a lease is classified as a finance lease by the lessee.
-
List the three criteria used to determine whether a replacement part for equipment is considered a capital or revenue expenditure.
-
If the criteria used to determine an employee's rank are more qualitative than quantitative, does this undermine the forced-ranking system?
-
Dr. Bold has a personal automobile policy with liability limits as follows: $100,000/$300,000 BI and $50,000 PD. Dr. Bold is held liable in an accident in which he must pay for bodily injuries as...
-
The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Additional information: 1. The investment account includes an investment in common stock of another...
-
Suppose the following sequence of bits arrive over a link: 011010111110101001111111011001111110. Show the resulting frame after any stuffed bits have been removed. Indicate any errors that might have...
-
Consider relating E1y2 to two quantitative independent variables x1 and x2. a. Write a first-order model for E1y2. b. Write a complete second-order model for E1y2.
-
1. How were financial markets likely to respond to President Carters lecture? Explain. 2. At the time President Carter made his remarks, the inflation rate was running at about 10% annually and...
-
The MegaMart Company began 2024 with inventory of 15,000 units at a cost of $6 per unit. During 2024, 55,000 units were purchased for $8.00 each. Sales for the year totaled 61,500 units leaving 8,500...
-
You are an associate in the law firm representing Frank and have been asked to analyze the issue. Does Frank have a legitimate claim? Frank was released from prison after serving a sentence for a...
-
What components make up the minimum lease payments of a typical capital lease?
-
Describe briefly the accounting procedures followed by the lessor and by the lessee for an operating lease.
-
(Step method) OReilly Real Estate classifies its operations into three departments: Commercial Sales, Residential Sales, and Property Management. The owner, Shannen OReilly, wants to know the full...
-
Question A4 (12 marks) Comfort Dance Corporation (CDC) is a major distributor of dance shoes. All sales are on terms 2/10, n/30. CDC uses a perpetual inventory system. The March opening balance in...
-
7 A car rental company is interested in improving the customer experience. A data professional fixes typos and inaccuracies from a dataset containing feedback and ratings. They also verify and share...
-
CM could not believe that his company, which had once had the reputation as an industry leader in a local niche furniture market with an exciting future, could be facing bankruptcy. He wondered how...
-
A page of level book is reproduced on the following page in which some readings marked as (), are missing. Complete the page with all arithmetic checks. Station B.S. I.S. F.S. Rise Fall RL. Remarks...
-
Write a C++ program that includes the following function: .a boolean function with the name of "evenorodd" that tests a number to see whether it is even or odd your program should do the folowing in...
-
In manufacturing its products for the month of March, Domingo Co. incurred abnormal spoilage of $12,000 that occurred during work in process. What is the journal entry to record Domingo Co.'s...
-
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
-
How do you measure service quality in hotels?
-
Accounting for Patents On June 30, 2010, your client, Ferry Company, was granted two patents covering plastic cartons that it had been producing and marketing profitably for the past 3 years. One...
-
Accounting for Research and Development Costs Cuevas Co. is in the process of developing a revolutionary new product. A new division of the company was formed to develop, manufacture, and market this...
-
Accounting for Research and Development Costs Czeslaw Corporations research and development department has an idea for a project it believes will culminate in a new product that would be very...
-
The Balance Sheet has accounts where the accountant must make estimates. Some situations in which estimates affect amounts reported in the balance sheet include: Allowance for doubtful accounts....
-
Alado fis istirmerfs Tat likifond 205L [ridont inip lanod whadtinion? hingend is antan Qultit foer avdeed Divdasit errem yodichiders Etexlpoges Getmare nelp
-
The limitation on the deduction of business interest does not apply to non-corporate taxpayers. course hero True or False explain?
Study smarter with the SolutionInn App