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Lilly Company leased equipment from Superior Leasing Co. on January 1, 2023, in a finance lease. The present value of the lease payments discounts at
Lilly Company leased equipment from Superior Leasing Co. on January 1, 2023, in a finance lease. The present value of the lease payments discounts at 10% was $300,000. Eight annual lease payments of $50,000 are due each January 1, beginning January 1,2023. The totat decrease in earnings (pretax) in Lilly's income statement for the year ended December 31, 2023 would be: $62500 $65,500
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Audits Of Public Companies Continued Concentration In Audit Market For Large Public Companies Does Not Call For Immediate Action
Authors: United States Government Accountability
1st Edition
1297008111, 978-1297008115
