INTERMEDIATE ACCOUNTING
8th Edition
ISBN: 9780078096488
Author: SPICELAND
Publisher: MCG
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Chapter 15, Problem 15.5P
1)
To determine
Finance lease
Finance lease is a parallel type of direct financing whereby the owner (lessor) purchases the equipment to lease it and received the interest revenue over the period of lease for equipment, apart from the recognition of profit from sale of equipment.
To Determine: the present value of the lease payments at September 30, 2016.
(2)
To determine
the pretax amount related to lease the W (Lessee) would report in its balance sheet at December 31, 2016.
(3)
To determine
the pretax amount related to lease the W (Lessee) would report in its income statement at December 31, 2016.
(4)
To determine
the pretax amount related to lease the W (Lessee) would report in its statement of cash flows at December 31, 2016.
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Chapter 15 Solutions
INTERMEDIATE ACCOUNTING
Ch. 15 - Prob. 15.1QCh. 15 - Prob. 15.2QCh. 15 - Prob. 15.3QCh. 15 - Q 15–4
Former IASB chairman David Tweedie has...Ch. 15 - Prob. 15.5QCh. 15 - Prob. 15.6QCh. 15 - Lukawitz Industries leased non-specialized...Ch. 15 - Prob. 15.8QCh. 15 - Prob. 15.9QCh. 15 - Q 15–10 What are executory costs? How are they...
Ch. 15 - The discount rate influences virtually every...Ch. 15 - A lease might specify that lease payments may be...Ch. 15 - The lessors initial direct costs often are...Ch. 15 - When are initial direct costs recognized in an...Ch. 15 - Q 15–15 What are the required lease disclosures...Ch. 15 - Prob. 15.16QCh. 15 - Prob. 15.17QCh. 15 - Prob. 15.18QCh. 15 - Prob. 15.19QCh. 15 - Prob. 15.20QCh. 15 - Prob. 15.21QCh. 15 - Prob. 15.22QCh. 15 - Prob. 15.23QCh. 15 - Operating lease LO154 (Note: Brief Exercises 8...Ch. 15 - Operating lease LO154 At the beginning of its...Ch. 15 - Prob. 15.3BECh. 15 - Prob. 15.4BECh. 15 - Prob. 15.5BECh. 15 - Prob. 15.6BECh. 15 - Prob. 15.7BECh. 15 - Finance lease; lessee; balance sheet effects ...Ch. 15 - Prob. 15.9BECh. 15 - Prob. 15.10BECh. 15 - Prob. 15.11BECh. 15 - Purchase option; lessor; sales-type lease LO152,...Ch. 15 - Prob. 15.13BECh. 15 - Prob. 15.14BECh. 15 - Prob. 15.1ECh. 15 - Prob. 15.2ECh. 15 - Prob. 15.3ECh. 15 - Prob. 15.4ECh. 15 - Prob. 15.5ECh. 15 - Prob. 15.6ECh. 15 - Prob. 15.7ECh. 15 - Prob. 15.8ECh. 15 - Prob. 15.9ECh. 15 - Prob. 15.10ECh. 15 - Prob. 15.11ECh. 15 - Prob. 15.12ECh. 15 - Prob. 15.13ECh. 15 - Prob. 15.14ECh. 15 - Prob. 15.15ECh. 15 - Prob. 15.16ECh. 15 - Prob. 15.17ECh. 15 - Prob. 15.18ECh. 15 - Prob. 15.19ECh. 15 - Prob. 15.22ECh. 15 - Prob. 15.23ECh. 15 - Prob. 15.24ECh. 15 - Prob. 15.25ECh. 15 - Prob. 15.26ECh. 15 - Prob. 15.27ECh. 15 - Prob. 15.28ECh. 15 - Prob. 15.29ECh. 15 - Prob. 15.30ECh. 15 - Prob. 15.31ECh. 15 - Prob. 15.32ECh. 15 - Prob. 1CPACh. 15 - Prob. 2CPACh. 15 - Prob. 3CPACh. 15 - Prob. 4CPACh. 15 - Prob. 5CPACh. 15 - Prob. 6CPACh. 15 - Prob. 7CPACh. 15 - Prob. 8CPACh. 15 - Prob. 9CPACh. 15 - Prob. 10CPACh. 15 - Prob. 11CPACh. 15 - Prob. 1CMACh. 15 - Prob. 2CMACh. 15 - Prob. 3CMACh. 15 - Prob. 15.1PCh. 15 - Prob. 15.2PCh. 15 - Prob. 15.3PCh. 15 - Prob. 15.4PCh. 15 - Prob. 15.5PCh. 15 - Prob. 15.6PCh. 15 - Prob. 15.7PCh. 15 - Prob. 15.8PCh. 15 - Prob. 15.9PCh. 15 - Prob. 15.10PCh. 15 - P 15–11
Operating lease to lessee—capital lease to...Ch. 15 - Prob. 15.12PCh. 15 - Prob. 15.13PCh. 15 - Prob. 15.14PCh. 15 - Prob. 15.15PCh. 15 - Prob. 15.16PCh. 15 - P 15–17
Integrating problem; bonds; note;...Ch. 15 - Prob. 15.18PCh. 15 - Prob. 15.19PCh. 15 - Prob. 15.20PCh. 15 - Prob. 15.21PCh. 15 - Prob. 15.22PCh. 15 - Research Case 151 FASB codification; locate and...Ch. 15 - Ethics Case 153 Leasehold improvements LO153...Ch. 15 - Prob. 15.5BYPCh. 15 - Prob. 15.6BYPCh. 15 - Prob. 15.7BYPCh. 15 - Prob. 15.9BYPCh. 15 - Prob. 15.1AFKC
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