Question: Refer to the situation described in E1545. Required: 1. What pretax amounts related to the lease would IC report in its balance sheet at December

Refer to the situation described in E15–45.

Required:

1. What pretax amounts related to the lease would IC report in its balance sheet at December 31, 2013?

2. What pretax amounts related to the lease would IC report in its income statement for the year ended December 31, 2013?


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1 Balance sheet Lease receivable at December 31 2013 562907 x 532948 3000000 rounded Pres... View full answer

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