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Preferred stockholders share with common stockholders in any
"extra" dividends when the preferred stock is
ACC 499 Midterm Part 1 (Set 2)
Question 1
Minimum lease payments do not include
Question 2
A direct financing lease differs from a sales-type lease in that
Question 3
When a lessee makes periodic cash payments for a capital lease,
which of the following accounts is increased?
Question 4
Executory costs
Question 5
On January 1, Lessor Company incorrectly recorded a sales-type
lease as an operating lease. As a result of this error, the reported
amount for Lessor Company's property, plant, and equipment
leased to others is
Question 6
The lessee should classify a non-cancellable long-term lease as a
capital lease if
Question 7
When a lessor receives cash on an operating lease, which of the
following accounts is increased?
Question 8
Which of the following is not a required disclosure by a lessee of
an operating lease?
Question 9
Which of the following facts would require a lessee to classify a
lease as a capital lease?
Question 10
When a lessee makes periodic cash payments for a capital lease,
which of the following accounts is decreased?
Question 11
Which of the following is not a required disclosure by a lessor of a
sales-type lease?
Question 12