Trap Co. leased a new machine to Lake Co. on January 1, Year 4. Trap properly classified the lease as an operating lease. The lease expires on January 1, Year 9. The annual rental is $90,000. Additionally, on January 1, Year 4, Lake paid $50,000 to Trap as a lease bonus and $25,000 as a security deposit to be refunded upon expiration of the lease. In Trap’s Year 4 income statement, the amount of rental revenue should be

The answer is letter a

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head.