On January 1, 2013, a city entered into the following leases for equipment items. Each of the leases qualifies as a capital lease. Initial payments are on December 31, 2013. An interest rate of 10 percent is viewed as appropriate. No bargain purchase options exist. 11eb7050_66ba_6bea_9ae9_bfd89e350fa9_SM1695_00 a. What balances should be reported on government-wide financial statements for December 31, 2013, and the year then ended b. What balances should be reported on fund financial statements for December 31, 2013, and the year then ended

Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

النسخة 5الرقم المعياري الدولي: 978-1260575910

Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

النسخة 5الرقم المعياري الدولي: 978-1260575910

تمرين 78

On January 1, 2013, a city entered into the following leases for equipment items. Each of the leases qualifies as a capital lease. Initial payments are on December 31, 2013. An interest rate of 10 percent is viewed as appropriate. No bargain purchase options exist.

a. What balances should be reported on government-wide financial statements for December 31, 2013, and the year then ended
b. What balances should be reported on fund financial statements for December 31, 2013, and the year then ended

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موثّق

Capital lease:
It is an agreement where...