A lessees advance payments on an operating lease can be considered as ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
A lessees advance payments on an operating lease can be considered as
| a. | A prepayment of interest expense | |
| b. | Deferred revenue for the lessor | |
| c. | Amortization of the right-of-use asset | |
| d. | Lease expense | |
| e. | Guaranteed residual value |
Magnetic Optimal Inc.s has a retiree health care plan with an attribution period of 25 years and no immediate funding. The employees have on average completed 10 years of service. The Expected Postretirement Benefit Obligation at the beginning and end of the year is $525,000 and $540,000, respectively. The interest rate is 4%. What is the postretirement benefit expense for the company?
| a. | $33,600 | |
| b. | $40,600 | |
| c. | $29,000 | |
| d. | $29,600 | |
| e. | $30,000 |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.