Question: please help as fast u can !!! Moving to another question will save this response. Question 3 of 4 Question 3 1.25 points Save A
Moving to another question will save this response. Question 3 of 4 Question 3 1.25 points Save A On December 31, 2015, Hidd Corporation leased a ship from Fort Company for an eight-year period expiring December 30, 2023. Equal annual payments of $200,000 are due on December 31 of each year, beginning with December 31, 2015. The lease is properly classified as a finance lease on Hidd 's books. The present value at December 31, 2015 of the eight lease payments over the lease term discounted at 10% is $1,173,685. Assuming all payments are made on time, the amount that should be reported by Hidd Corporation as the total lease liability on its December 31, 2016 statement of financial position. A $871,054 B. $1,000,159 c. $1,091,054 D. $1,200,000
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