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Question 1 Answer saved Marked out of 2.00 P Flag question Figure 1. Cash Flow Interest Expense Reduction of Lease Liability Balance of Lease Liability
Question 1 Answer saved Marked out of 2.00 P Flag question Figure 1. Cash Flow Interest Expense Reduction of Lease Liability Balance of Lease Liability Date $230,000 01/01/12 $ (50,000) $180,000 12/31/12 (69,846) A $124,554 Figure 1 is an excerpt from the class slides. Assuming a lease contract rate of 8%, what are the numbers in the 12/31/12 row in cells A and B? Select one: a. A: $230,000 x 8% - $18,400. B: $69,846 - $18,400 - $51,446 b. A: 5180,000 - $69,846 = $110,154. B: $110,154 - $69,846 = $40,308 c. A: $180,000 x 8% - $14,440.B: 569,846 - $14,400 - $55,446 . d. A: 569,846 x 8% = $5,587.68.B: $69,846 - $5,587.68 = $64.258.32
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