Lease A signed n operating contract with lesser B to lease a building for 10 Years. Annual
Question:
Lease A signed n operating contract with lesser B to lease a building for 10 Years. Annual lease payment is due on the end of year 31/12 December. $162745 increment borrowing rate of 10%. The present value of lease payment is $15m. The remaining economic years being 20 years and estimated fair value of the building is $2m .Write journal entries to record such transactions
Company x issued $50000 at 12% debenture for 5 years at 94%. terms of issue include :repayment in installments at the end of every year.
Required:
a)Discount on issue account
b) appropriate installments for the respective years
3. Can I lower my tax liability?
4.How do I file my small business taxes?
5.What can cause the IRS to audit me?
6.How do I set product or service prices?
7.What are my sales tax responsibilities?
8.Where do I report profit?
9.Do I need to create invoices?
10.How double entry method works
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik