Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 are payable at the beginning of each year. Each is a finance lease for the lessee. Situation
1 2 3 4
Lease term (years) 7 7 8 8
Lessor's and lessee's
interest rate 9% 11% 10% 12%
Residual value:
Estimated fair value 0 $50,000 $8,000 $50,000
Guaranteed by lessee 0 0 $8,000 $60,000
Determine the following amounts at the beginning of the lease.
Situation
1 2 3 4
A The lessor's:
1. Lease payments 700,000 700,000 800,000
2. Gross investment in the lease 700,000 750,000 808,000
3. Net investment in the lease 5 590,574 548,592 547.137
B The lessee's:
4. Lease payments 700,000 700,000 800,000
5. Right-of-use asset 548,592 586,842
6. Lease payable 548,592 586,842

Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column

Alocation analysis has been narrowed down to two locations, akron and boston. the main factors in the decision will be the supply of raw materials, which has a weight of .50, transportation cost, which has a weight of .40, and labor cost, which has a weight of .10. the scores for raw materials, transportation, and labor are for akron 60, 80, and 70, respectively; for boston 70, 50, and 90, respectively. given this information and a minimum acceptable composite score of 75, we can say that the manager should:

In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and allow them to file reports with the