How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Manal Elkhoshkhany Your Own Question
Manal Elkhoshkhany
Manal Elkhoshkhany, Tutor
Category: Finance
Satisfied Customers: 9797
Experience:  More than 5000 online tutoring sessions.
3708793
Type Your Finance Question Here...
Manal Elkhoshkhany is online now
A new question is answered every 9 seconds

Which of the following transactions would require the use of

Resolved Question:

Which of the following transactions would require the use of the present value of an annuity due concept in order to calculate the present value of the asset obtained or liability owed at the date of incurrence?
A. A capital lease is entered into with the initial lease payment due one month subse-quent to the signing of the lease agreement.
B. A ten-year 8% bond is issued on January 2 with interest payable semiannually on July 1 and January 1 yielding 7%.
C. A capital lease is entered into with the initial lease payment due upon the signing of the lease agreement.
D. A ten-year 8% bond is issued on January 2 with interest payable semiannually on July 1 and January 1 yielding 9%
Submitted: 6 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 6 years ago.

 

 

C. A capital lease is entered into with the initial lease payment due upon the signing of the lease agreement

Manal Elkhoshkhany and 2 other Finance Specialists are ready to help you