List the four criteria used to determine if a lease is classified as a capital lease by
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
The criteria for a capital lease are 1 Transfer of ownership at end of lease ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Question Posted:
Students also viewed these Accounting questions
-
List the five criteria used to determine if a lease is classified as a finance lease by the lessee.
-
List the three criteria used to determine whether a replacement part for equipment is considered a capital or revenue expenditure.
-
If the criteria used to determine an employee's rank are more qualitative than quantitative, does this undermine the forced-ranking system?
-
Dr. Bold has a personal automobile policy with liability limits as follows: $100,000/$300,000 BI and $50,000 PD. Dr. Bold is held liable in an accident in which he must pay for bodily injuries as...
-
The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Additional information: 1. The investment account includes an investment in common stock of another...
-
a. Assume that Old Gatorland and Badger Manor, two operators of nursing homes, have fiscal years that end at different timesone in June and one in December. Would this fact cause any problems when...
-
A useful expansion is Use this to express the exponential in equation (13.20) in linear terms of powers of \(\Delta t\) up to first order. Note that this differs from the expression in (13.19), so...
-
Will Jones, LLP is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $500 annual fee plus $10 per tax return for a license to use Mega Tax...
-
Santana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. Required: 1. Classify the following manufacturing costs of Business Solutions...
-
Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on 1/1/2014, when Suaro had the following balance sheet: Cash - $37,000 Liabilities - ($422,000) Receivables -...
-
What components make up the minimum lease payments of a typical capital lease?
-
Describe briefly the accounting procedures followed by the lessor and by the lessee for an operating lease.
-
1. The sample space S for this experiment has 10 elements. 2. The assumption of independence implies that each shopper has the same probability for carrying a bag. 3. P (A) + P (B) = P (A or B). 4....
-
The figure below shows the 60F water flow rates from the branches of a main supply line. Find the total pressure drop (PAPE) for soldered copper pipe. The LAB = 70 ft, LBC = 160 ft, and LcD = 100 ft....
-
Two identical dipoles A and B are oriented on the x-axis as shown. Each dipole consists of two charges +q and-q (q> 0) whose center is a distance d from the origin, held apart by a rod of length...
-
Next year you expect the Bluth Company to pay a dividend of $3.50. You also expect the dividend to grow at 4% a year indefinitely, and you would require a 12% return to hold the stock. What is the...
-
James Birch is the principal owner of ABC Company, a medium-sized company that sells office equipment to an office supply company that operates in the Midwest. Recently, James received an anonymous...
-
To perform the selection of the suitable material for the required application, some examples may involve the use of composite materials. Please explain if applicable. Specific software can be used...
-
Debond Corp. issues 1,000,000 face value of five-year bonds, dated 1 January 2010, when the market interest rate is 6 percent. The sales proceeds are 957,876. The bonds pay 5 percent interest...
-
A survey of 70 college freshmen asked whether students planned to take biology, chemistry, or physics during their first year. Use the diagram to answer each question. How many of the surveyed...
-
How do you measure service quality in hotels?
-
Accounting for Patents On June 30, 2010, your client, Ferry Company, was granted two patents covering plastic cartons that it had been producing and marketing profitably for the past 3 years. One...
-
Accounting for Research and Development Costs Cuevas Co. is in the process of developing a revolutionary new product. A new division of the company was formed to develop, manufacture, and market this...
-
Accounting for Research and Development Costs Czeslaw Corporations research and development department has an idea for a project it believes will culminate in a new product that would be very...
-
What advantage does the private resident buying oce (store-owned offices) aord its stores that independent buying oces do not? Describe two functions of an independent buying office. Describe the 4...
-
10. Consider the following data - == - -5 1 3 4 -1 0 1 1 (a) Find the Least Squares Regression Line. (b) Find the coefficient of correlation and determination. (c) Find a 90% confidence interval for...
-
Which point on the graph y=4x are closest to the point (0, 2)? (Hint: consider the distance formula between two points)
Study smarter with the SolutionInn App