Quiz Ch 09 – Wayne Technical Corporation
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Under what condition would the lease for equipment signed by Wayne Technical Corporation be classified as a finance lease?
Under what condition would the lease for equipment signed by Wayne Technical Corporation be classified as a finance lease?
Given the debenture bonds outstanding, unamortized discount, and price of bonds – find the gain/loss on retirement of bonds and how it would be shown in the financial statements.
Your numbers will vary.
Given bonds payable, face amount, and market interest rate — prepare journal entries for (a) through (d).
Your numbers will vary.