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On January 1, 2016, Johnstone leased an office building. Terms of the lease require Johnstone to make 10 annual lease payments of $132,000 beginning on
On January 1, 2016, Johnstone leased an office building. Terms of the lease require Johnstone to make 10 annual lease payments of $132,000 beginning on January 1, 2016. An 11% interest rate is implicit in the lease agreement. At what amount, should Johnstone record the lease liability to January 1, 2016. Before any lease payments are made
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Auditing Corporate Surveillance Systems Research Methods For Greater Transparency
Authors: Isabel Wagner
1st Edition
1108837662, 978-1108837668
