In a sale-leaseback transaction. Reddy Company is the seller lessee and Kaiser Company is the buyer lessor. If none of the five criteria used to determine casufication of the lease is met Select one 0. The lease is labeled a "tailed sale ob Heddy will record the sale of the asset followed by a Lease Liability @Reddy can record a loss on the sale, but not again Od Reddy will record the lease as a finance lease Die Kaiser will record the late as a finance lease. Jennifer Co intends to lease a machine from an Corp, Jennifer's incremental borrowing rate is 14%. The prime rate of interest is 8%. Jan's implicitate in the lease is 10%, which is not known to Jennifer Jennifer Computes the present of the minimum tease payments using which rate? Select one B ton 10% 12% O d. 14% On December 31, Year 1. Strickland Corp. signed a 7 year finance lease for an awplane. The airplane's fair value was $688.500, which is the present value of the lease payments to be used to account for this finance lease. Strickland then made the first annual lease payment of $152.000 on December 31. Year 1 What amount should Strickland report as totat finance lease liability in its December 31, Year 1 balance sheet? Select one 5841.500 Ob $535,500 5688.500 ed. $627.300