Questions from Intermediate Accounting

Q: Describe the specific lease disclosure requirements for lessees.

Describe the specific lease disclosure requirements for lessees.

Q: Melba Enterprises has a deferred gain of $425,000 relating

Melba Enterprises has a deferred gain of $425,000 relating to its pension plan as of January 1, 2013. Management has chosen to amortize this deferral on a straight-line basis over the 10-year average...

Q: What disclosures are required by the FASB for lessors under sales-

What disclosures are required by the FASB for lessors under sales-type and direct financing leases?

Q: The computation of pension expense includes (1) A deferral

The computation of pension expense includes (1) A deferral of the difference between actual and expected return on the pension fund and (2) Amortization of deferred pension gains and losses. Determine...

Q: How does the lease classification standard in IAS 17 differ from that

How does the lease classification standard in IAS 17 differ from that in FASB ASC Topic 840?

Q: Distinguish between the accumulated benefit approach and the projected benefit approach in

Distinguish between the accumulated benefit approach and the projected benefit approach in determining the amount of future benefits earned by employees under a defined benefit pension plan.

Q: The accountants for Eden Financial Services provide you with the following detailed

The accountants for Eden Financial Services provide you with the following detailed information at December 31, 2013. Based on these data, prepare the summary journal entries related to the recognitio...

Q: When should the profit or loss be recognized by the seller-

When should the profit or loss be recognized by the seller-lessee in a sale-leaseback arrangement?

Q: The following information relates to the defined benefit pension plan of Mascare

The following information relates to the defined benefit pension plan of Mascare Company. January 1, 2013: PBO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Q: Conceptually, what is the difference between a capital lease and an

Conceptually, what is the difference between a capital lease and an operating lease?