Use the information for IBM from BE21-6. Assume the direct-financing lease was recorded at a present value

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Use the information for IBM from BE21-6. Assume the direct-financing lease was recorded at a present value of $150,000. Prepare IBM’s December 31, 2011, entry to record interest.

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 24, 2010 05:28 AM

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Use the information for IBM from BE21-6. Assume the direct-financing lease was recorded at a present value

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