What disclosures are lessees required to make for capital leases?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
Lessees disclosure 1 For all leases a general description of the leasing arrangement ...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Question Posted:
Students also viewed these Accounting questions
-
a. What disclosures are lessees required to make? b. What disclosures are lessors required to make for various types of leases?
-
What disclosures are lessors required to make for various types of leases?
-
IFRS16 Leases replaces IAS17 Leases for accounting periods beginning on or after 1 January 2019. The main aim of the new standard is to improve lessee accounting so that a lessee's financial...
-
Solve the linear equation with the x-intercept method. Check your answer. Approximate the solution to the nearest thousandth whenever appropriate. 2x = -(3x)
-
A person who claims to possess extrasensory perception (ESP) says she can guess more often than not the outcome of a flip of a balanced coin. Out of 20 flips, she guesses correctly 12 times. Would...
-
Refer to M3-5 for information regarding Stone Company. Using the FIFO method, reconcile the number of physical units and calculate the number of equivalentunits. Physical Units 70,000 92,000 Percent...
-
10. CPA QUESTION In general, which of the following statements is correct conceming the priority among checks drawn on a particular account and presented to the drawee bank on a particular day? a....
-
Stefani Company has gathered the following information about its product. Direct materials. Each unit of product contains 4.5 pounds of materials. The average waste and spoilage per unit produced...
-
Problem 1 Match each of the descriptions that best matches up. A Cost Principle E General Acct Principle B Matching (Exp) Principle F Business Entity Principle C Specific Acct Principle Revenue...
-
Surely animals cannot be intelligentthey can do only what their genes tell them. Is the latter statement true, and does it imply the former?
-
What must a lessee disclose for all leases whether classified as operating or capital?
-
Describe the difference between how a lessor would report the cash flows associated with an operating lease and a capital lease.
-
Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent. a. A 10% stock dividend....
-
Fix Manufacturing specifies the quality characteristic of one of its popular products to be 0.500" 0.020. An analysis of company records for the last two years suggests that the average cost for...
-
Accounting numbers have served to 'dehumanise war'. This is not to suggest that accounting techniques have enabled the military to be more efficient in a business sense, rather that accounting has a...
-
What does professional growth mean? Why is networking so important? How important is continued education for your future success?
-
What is the difference between the concept of Future Value and the concept of Present Value? What kinds of decisions might be made using the concept of Future Value? What kinds of decisions might be...
-
Ken is 6 3 years old and unmarried. He retired at age 5 5 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information...
-
The creative process that begins with empathy is known as ________. A. Stanfords model of human-centric design B. Build-measure-learn C. Open innovation D. Disruptive innovation
-
On January 2, 20X3, Sheldon Bass, a professional engineer, moved from Calgary to Edmonton to commence employment with Acco Ltd., a large public corporation. Because of his new employment contract,...
-
Invariably goods, services and the supply of materials are obtained by the use of a Purchase Order. Design the layout of a Purchase Order, showing what essential information the order should contain.
-
Describe how to recognize an impairment under the current expected credit loss model.
-
Briefly summarize the accounting for an investment in equity securities.
-
Briefly describe how to determine and record any subsequent increases or decreases in the fair value of a minority passive investment in equity securities.
-
27. The minimum wage, if it is binding, lowers the incomes of B. only those workers who cannot find jobs. D. all workers. A. no workers. C. only those workers who have jobs.
-
Jack sells homemade chocolates and cookies. He expects the price of chocolates to increase around Valentine's Day, so he prepares to make more chocolates in February. Which economic concept lies...
-
The force developed in hydraulic systems is high due to _ _ _ _ a ) high pressure b ) more oil c ) less pressure d ) less oil
Study smarter with the SolutionInn App