Question
46.A lessee with a finance lease has fully amortized the right-of-use asset and has fully discharged their lease liability. What can you assume about this
46.A lessee with a finance lease has fully amortized the right-of-use asset and has fully discharged their lease liability. What can you assume about this lease? Select one: a. The lease term has expired. b. The lease has been canceled. c. They have decided to renew their lease. d. They are at the beginning of the lease term.
44.Mindzak Corp leases equipment and recognizes a right-of-use asset. This account is increased by Select one: a. initial direct costs incurred by the lessee only. b. lease incentives received. c. prepaid lease payments only. d. lease prepayments made by the lessee and initial direct costs incurred by the lessee.
50.The information regarding the company pension plan in 2017 for Whats My Name Company is as follows:
Plan Assets at January 1, 2017 $450,000 Projected Benefit Obligations (before amendment) $500,000
On January 1, 2017, the company, through plan amendment, grants prior service benefits having a present value of $150,000
Service Costs $80,000 Actual/expected return on plan assets $55,000 Prior service cost amortization $20,000 Contributions to the plan $90,000 Benefits paid $60,000
Interest/discount (settlement) rate: 10%
What is the Pension Expense for 2017? Select one: a. $110,000 b. $90,000 c. $130,000 d. $150,000
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