Net investment in the lease for a direct financing lease (NIL-DF) is comprised of ________. A) the

Fantastic news! We've Found the answer you've been seeking!

Question:

Net investment in the lease for a direct financing lease (NIL-DF) is comprised of ________.

A) the lease receivable, the future value of any unguaranteed residual asset and a reduction for any deferred profit

B) the lease receivable, the present value of any unguaranteed residual asset, and a reduction for any deferred profit

C) the lease receivable, the future value of any unguaranteed residual asset, and an addition for any deferred profit

D) the lease receivable, the present value of any unguaranteed residual asset, and an addition for any deferred profit

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

See More Books

Posted Date: Oct 28, 2020 08:03 AM

See More Questions

A lessor mistakenly treated a direct financing lease as an operating lease. How does this mistake impact the following at the end of the first year of the lease term? Rent/Lease Revenue Interest...
Unguaranteed residual values accrue to the lessor at the expiration of the lease. How are these values treated in a sales-type lease?
A closed-end investment company has a net asset value of $12.75. A year ago the shares sold for a 20 percent discount but that discount has narrowed (i.e., declined) to 10 percent. If the company...
Answer the following question based on the information presented for Cloud 9 in the appendix to this text and the current and earlier chapters. You should also consider your answers to the case study...
Suppose that the Japanese firm Sanpo will receive $1.5 million from its U.S. sales subsidiary on June 3. Moreover, on June 3 a U.S. bank is due $2.3 million from Sanpo as repayment of a loan. Explain...
Explain the meaning of the following statement: "The probability that the discrete random variable takes the value 2 is 0.3 ."
Describe parasite drag.
The label has come off a cylinder of gas in your laboratory. You know only that one species of gas is contained in the cylinder, but you do not know whether it is hydrogen oxygen, or nitrogen. To...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $185,000 are payable at the beginning of each year. Each is a finance lease for the...
On December 1, a six-month liability insurance policy was purchased for $900. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the...
Many experts have stated the golden age of digital forensics is coming to an end. This opinion is held because new challenges with flash-based hard drives make recovering specific data difficult or...
The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable...
Explain which research tradition (qualitative, quantitative, critical) appeals most to you; and how Rodriguez's (2014) positions on the colonization of the field of communication impact your selected...
How do membrane trafficking processes, such as endocytosis, exocytosis, and vesicle-mediated transport, contribute to cellular communication, nutrient uptake, and organelle biogenesis ?
Explain the role of mitochondria in cellular energetics, focusing on the electron transport chain, oxidative phosphorylation, and the production of ATP through aerobic respiration?
Horizontal analysis refers to changes in financial statement numbers across two or more years. Vertical analysis refers to financial amounts for each year expressed as proportions of a base such as...
Identify changes to corporate income tax rates from the TCJA. Explain the impact these corporate income tax rate changes will have on net operating loss and tax credit carryforwards. Describe the...
Select the correct answer for each of the following questions. 1. On December 31, 20X3, Saxe Corporation was merged into Poe Corporation. In the business combination, Poe issued 200,000 shares of its...
Why is a derivative often an executory contract? Give another example of an executor contract.
Refer to Practice 19-3 and Practice 19-4. What would be the impact on the golf course developers total cash payment to purchase trees in Year 2 if the forward contract had been for just 1,500 trees...
What is meant by imputing a rate of interest? How is such a rate determined?
In the second quarter of 2021, personal consumption expenditures, exports, and imports increased. Investment and government expenditure decreased. Real GDP increased by 6.5 percent following a 6.3...
When real GDP increased in the second quarter of 2021, consumption expenditure, exports, and imports increased. Fixed investment decreased, which included a decrease in business inventory investment....
Real exports of goods and services increased 6 percent in the second quarter of 2021, compared with a decrease of 2.9 percent in the first quarter of 2021. Real imports of goods and services...

Net investment in the lease for a direct financing lease (NIL-DF) is comprised of ________. A) the

Question:

Expert Answer:

Answer Ans Explanation B the lease receivable the present value of any unguaranteed res... View the full answer

Intermediate Accounting

Students also viewed these accounting questions