estion 17 In a sale-leaseback transaction, Reddy Company is the seller-lessee and Kaiser Company is the buyer-lessor. If one of the five criteria used to determine classification of the lease is met et yet wered ints out of 50 Flag question Select one: O a. Reddy records the lease as an operating lease. O b. Reddy will record annual interest expense and depreciation expense. O cIf the book value of Reddy's asset is more than the cash received, Reddy records again. O d. Reddy will record the lease as a finance lease O e Kaiser will record the lease as an operating lease. estion 18 t yet wered Assume a $100 cash dividend is declared; 30% of the dividend is a liquidating dividend. Indicate the change in Retained Earnings and Total Equity, respectively. nts out of D Flag question Select one: O a. Decrease $70, Decrease $100 O b. Decrease $30, Decrease $100 O c. Decrease $100, Decrease $70 O d. Decrease $30, Decrease $30 O e Decrease $70, Decrease $70 eston 19 yet vered A 12-year finance lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represents a reduction in the net lease liability. The portion of the minimum lease payment in year 10 applicable to lease liability should be: its out of . lag question Select one: O a. More than in year 8 O b. The same as in year 8 O c. Less than in year 8 O d. More than in year 12