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Exam (elaborations)
BUSI305 final exam prep Questions And Correct Answers
Lease cashflows - Correct Answer when we sign a lease, no cashflows happen, but we must recognize it as an asset. what changed with operating leases in 2018? - Correct Answer In 2018, under topic 842, operating leases must be recorded on the balance sheet as a right-of-use asset. Before 2018, operating leases were off balance sheet items, and no lease assets and lease liabilities were recorded. Cash flows for operating leases - Correct Answer the Lease payment is recorded as an opera...
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Exam (elaborations)
Busi305 || Answered
PopularPV of Ordinary Annuity - Answer CF * (1+r)^n-1/r(1+)^n FV of Ordinary annuity - Answer FV = PV *(1+r)^n PV of Annuity in advance - Answer (1+r)^n-1/r(1+r)^(n-1) FV of a signle amount - Answer FV = PV(1+r)^n PV of single amount - Answer FV/(1+r)^n LIFO RESERVE - Answer InventoryFIFO- Inventory LIFO Change in LIFO reserve - Answer COGS(LIFO) - COGS(FIFO) One period tax saving - Answer Change in LIFO Reserve * Tax rate All tax savings - Answer Lifo reserve + tax rate Inve...
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