1
Q
Recognizing gross profit for sales-type lease
A
Lessor recognizes GP immediately. It is the difference between selling price and cost of equipment
The selling price is present value of lease payments
CPA FAR
flashcards
Decks in class (55)
# Cards
-
Ratio16
-
Cash & Cash Equivalents1
-
Lease Modificatioons1
-
Partnerships1
-
Asset Retirement Obligation1
-
Inventory Errors6
-
Segment Reporting4
-
Held-to-maturiy Investments1
-
Notes Receivable1
-
Installment Sales1
-
Earning Per Share2
-
Hedges4
-
Bonds - Retirment1
-
Revenue Recognition1
-
Interest Expense1
-
Foreign Currency Translations1
-
Stock Dividends1
-
Treasury Stock2
-
Bonds - Interest2
-
Error Correction1
-
Sale And Leasebacks1
-
Not For Profits2
-
Capitalized I Terest1
-
Impairment Loss2
-
Shareholder's Equity1
-
Sales Type Leases1
-
Accountin Frameworks5
-
Governmental Type Funds1
-
Finance Leases3
-
FASB1
-
Derivatives6
-
Accounting Principals0
-
Interim Reporting3
-
Stocks2
-
SFAC6
-
Governmental Accounting3
-
Foreign Currency Transactions4
-
Pensions4
-
Business Consolidations7
-
Deferred Taxes6
-
Journal Entries0
-
IFRS vs GAAP6
-
Leases4
-
Fair Value Election1
-
Balance Sheet1
-
SEC Forms2
-
Inventory Valuation12
-
Fair Value Measurement1
-
Depreciation2
-
Financial Reporting2
-
Statement of Cash Flows9
-
Accrued vs Cash Accounting2
-
Taxes2
-
Calculations3
-
Stock Compensation - Journal Entries2
