Which of the following best describes the classification of the lease on the company’s financial statements for 2008?
A.Operating lease.
B.Sales type lease.
C.Direct financing lease.
第1题
A company receiving leased equipment would prefer a finance lease to an operating lease when it:
A.wishes to show a higher cash flow from operations.
B.desires a lower debt-to-equity ratio.
C.has a low marginal tax rate.
第2题
At the beginning of the year, a lessee company enters into a new lease agreement that is correctly classified as a finance lease, with the following terms:
With respect to the effect of the lease on the company’s financial statements in the first year of the lease, which of the following is most accurate? The reduction in the company’s:
A.pretax income is $72,096.
B.cash flow from financing is $56,742.
C.cash flow from operations is $72,096.
第3题
An analyst can most accurately identify a LIFO liquidation by observing a(n):
A. increase in gross margin.
B. decrease in the LIFO reserve.
C. change in inventory out of line with change in sales.
第4题
Which inventory method best matches the actual historical cost of the inventory sold with their physical flow if a company is using a perpetual inventory system?
A. FIFO.
B. LIFO.
C. specific identification.
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