assig nment pr int view re quire d 1 determine the

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Unformatted text preview: ent Pr int View Re quire d: 1. Determine the pres ent value of the leas e pay ments at June 30, 2013 that Georgia-Atlantic us ed to rec ord the leas ed as s et and leas e liability . (Ente r your a nsw e r in w hole dolla rs.) Pres ent value $ 3,000,002+/ -5 2. W hat pretax amounts related to the leas e would Georgia-Atlantic report in its balanc e s heet at Dec ember 31, 2013? (Ente r your a nsw e rs in w hole dolla rs.) Pretax amounts Liability $ 1,996,041 As s et $ 2,500,000 3. W hat pretax amounts related to the leas e would Georgia-Atlantic report in its inc ome s tatement for the y ear ended Dec ember 31, 2013? (Ente r your a nsw e r in w hole dolla rs.) Pretax amount 621,855 rev: 01_31_2013_QC_25822 Explanation: 1. Calc ulation of the pres ent value of leas e pay ments $562,907 × 5.32948 = $3,000,000 (ro...
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This homework help was uploaded on 03/22/2014 for the course ACC 3000 taught by Professor He during the Fall '09 term at CUNY Baruch.

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