On 1 January, a company entered into a capital lease resulting in an obligation of $10,000 being recorded on the balance sheet. The lessor's implicit interest rate was 12 percent. At the end of the first year of the lease, the cash flow from financing activities section of the lessee's statement of cash flows showed a use of cash of $1,300 applicable to the lease. The amount the company paid the lessor in the first year of the lease was closest to:

[单选题]A lessee company entered into a new capital lease agreement with a lesson c

[单选题]At the beginning of the year 2009, a lessee company entered into a new capi

[单选题]The Lather Corporation entered into a lease for 5 years that requires payme

[单选题]A lessee company named YYK corporation entered into a new capital lease agr

[单选题]A company purchased equipment for $50,000 on 1 January 201 It is depreciati

[单选题]A company purchased equipment for $50,000 on 1 January 2009. It is deprecia

[单选题]A company issued a $1,000 face value bond on 1 January. The annual coupon r

[单选题]A capital lease requires rental payments of $3,000 annually. Fair value of

[试题]In January 2008 Arti entered in a contractual agreement with Bee Ltd to write a study manual for an international accountancy body’s award. The manual was to cover the period from September 2008 till June 2009, and it was a term of the contract that t

[单选题]13 At 1 January 2005 a company had an allowance for receivables of $18,000A．t 31 December 2005 the company’s trade receivables were $458,000.It was decided:(a) To write off debts totalling $28,000 as irrecoverable;(b) To adjust the allowance for rece