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Markia Hawkins
on Dec 05, 2024

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The liability reported at on the balance sheet as of the purchase date,after the initial $90,000 payment was made,is closest to:

A) $326,505.
B) $460,000.
C) $287,950.
D) $416,505.

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow funds over a similar term, and with a similar security, to lease a comparable asset.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial position at a particular point in time, showing assets, liabilities, and shareholders' equity.

Liability Reported

The documentation in financial accounting of any debts or financial obligations a company is responsible for.

  • Use the concepts of present value and future value in numerous financial exchanges.
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MF
Monetta FieldsDec 11, 2024
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