Question
Required information Skip to question [The following information applies to the questions displayed below.] Thrillville has $40.2 million in bonds payable. One of the contractual
Required information Skip to question [The following information applies to the questions displayed below.] Thrillville has $40.2 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillvilles total assets are $80.2 million, and its liabilities other than the bonds payable are $10.2 million. The company is considering some additional financing through leasing. 3. The company enters a lease agreement requiring lease payments with a present value of $15.2 million. Record the lease. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5.).)
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