In 2009, lessor leases real estate to lessee for 10 years. lessee pays $600,000 for a building on the leased premises. the building has a fair value of $450,000.00 when the lease expires. under the terms of the lease, upon expiration of the lease, lessor takes possession and ownership of the real estate and the building built by lessee. the building is not rent compensation to the lessor. the lease expires in 2019. how much, if any, income does lessor recognize in 2019?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: