Financial Accounting

ANSWERResources: Financial Accounting: Tools for Business Decision Making and Managerial Accounting: The Basis for Business Decisions

Prepare responses to the following assignment from the e-texts:

• Ch. 13: Communication Activity: BYP 13-7 of Financial Accounting: Tools for Business Decision Making
  • Note: Include a 350-700 word memo addressing the problem in BYP 13-7.
• Ch. 23: Exercises 23.10 & 23.12 of Managerial Accounting: The Basis for Business Decisions
  • Click the Assignment Files tab to submit your assignment.

  Resources: Financial Accounting Theory and Analysis

  Prepare responses to the following assignment from the e-text:

  Ch. 13: Case 13-4 Application of SFAC No. 13 & Case 13-5 Lease Classifications

  • Click the Assignment Files tab to submit your assignment.
• ANSWER ONLY THESE QUESTIONS
• Team member 2
• b. How should Lani account for this lease at its inception and determine the amount to be recorded? )
• Team member 3
• d. How should Lani report the lease transaction on its December 31, 2006, balance sheet?)
• Team Member 4)
• b. What criteria must be met by the lease meet in order that Lambert Company classify it as a sales-type or direct financing lease?
• my username for the reading material is: Shaunta12
• password: Shaun9164!