Question
**Please show calculation**, THE $19,800 answer is INCORRECT A restaurant manager has a capital lease. The lease calls for a $2,000 per month lease payment,
**Please show calculation**, THE $19,800 answer is INCORRECT
A restaurant manager has a capital lease. The lease calls for a $2,000 per month lease payment, which includes $1,800 in principal and $200 in interest. Prior to entering any information about the lease payments, the manager's operating income line on the USAR formatted income statement for this month shows a positive $20,000. What will be the lease is entered into the income statement?
| A. | $18,200 | |
| B. | $18,000 | |
| C. | $20,000 | |
| D. | $19,800 |
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Swanson On Internal Auditing Raising The Bar
Authors: IT Governance Publishing
1st Edition
1849280673, 978-1849280679
