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May you please help me with this, thank you Braun Company acquired a piece of equipment from Tipper Company under a lease agreement. The lease
May you please help me with this, thank you
Braun Company acquired a piece of equipment from Tipper Company under a lease agreement. The lease requires six annual lease payments of $35,000 with the first payment due when the lease begin5, on January 1, 2020. Future lease payments are due on January 1 of each year of the lease term. The interest rate in the lease is 10%. What amount should Braun Company debit the equipment account on the date of acquisition. (Round answer to the nearest dollar). $225.000 532.678 $167.678 5152.434 Braun Company would not debit the equipment account because the equipment is being leased and not purchased. Question 5 4pts Wildcat, Inc. declared a 15% stock dividend when it had 350,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The entry to record the stock dividend would include a credit to: Common Stock $525,000 Retained Earnings \$52,500. Additional Paid in Capital \$525,000. Retained Earmings $525.000. Additional Paid in Capital $472,500 Step by Step Solution
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