ACC 400 Week 5 Assignment for Reading

Jan 31st, 2015
Steve1995
Category:
Business & Finance
Price: $15 USD

Question description

ANSWERResources: Financial Accounting: Tools for Business Decision Making and Managerial Accounting: The Basis for Business Decisions

Prepare responses to the following assignment from the e-texts:

  • Ch. 13: Communication Activity: BYP 13-7 of Financial Accounting: Tools for Business Decision Making
    • Note: Include a 350-700 word memo addressing the problem in BYP 13-7.
  • Ch. 23: Exercises 23.10 & 23.12 of Managerial Accounting: The Basis for Business Decisions
    • Click the Assignment Files tab to submit your assignment.

    Resources: Financial Accounting Theory and Analysis

    Prepare responses to the following assignment from the e-text:

    Ch. 13: Case 13-4 Application of SFAC No. 13 & Case 13-5 Lease Classifications
  • ANSWER ONLY THESE QUESTIONS
  • Team member 2
  • b. How should Lani account for this lease at its inception and determine the amount to be recorded? )

  • Team member 3
  • d. How should Lani report the lease transaction on its December 31, 2006, balance sheet?)

  • Team Member 4)
  • b. What criteria must be met by the lease meet in order that Lambert Company classify it as a sales-type or direct financing lease?)


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