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00 8 Part 3 of 4 Required Information Problem 9-3A Explore the impact of leases on the debt to equity ratio (L09-3, 9-8) [The following
00 8 Part 3 of 4 Required Information Problem 9-3A Explore the impact of leases on the debt to equity ratio (L09-3, 9-8) [The following information applies to the questions displayed below.] Thrillville has $41 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 20. Thrillville's total assets are $81 million, and its liabilities other than the bonds payable are $11 million. The company is considering some additional financing through leasing. 0.5 points Problem 9-3A Part 3 eBook 3. The company enters a lease agreement requiring lease payments with a present value of $16 million. Record the lease. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Enter your answer In millions (1.e., $5,500,000 should be entered as 5.5.).) Print View transaction list References Journal entry worksheet
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