why

8 On January 2012 Mare Company sells a piece of land to Lopes Corporation for RM6.000.000. and The term of the lose that disallows cancellation) is 20 years and the title transfers to Moto Mon Company pay all executory costs in relation to the lease which totals RM255.000 in 2019, Collectibility of the rentals is reasonably predictable, and there are no important uncertainties a) Prepare the journal entries for the entire year 2019 in the books of Moro Company to reflect Prepare the journal entries for the entire year 2019 in the books of Lopez Corporation to reflect Assuming that the transfer satisfies the requirements of MFRS 15 to be accounted as a sale of the (c) Prepare tracts of the Statement of Financial Posit December 2000 immediately loses the land back. The following information relates to this transaction: Company at the end of the lease term The land has a cost basis of RMS 010,000 to More Company The lease agreement calls for equal rental payments of RM611.112 at the end of each year, The land has a fair market value of RM6.000.000 on 1 January 2019. The rate of the lease is 8 surrounding the costs yet to be incurred by the lessor. Required: asset: the above sale and lease transactions (include a partial amortization schedule). the above purchase and lease transactions as a finance lease