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ST has sold its main office property, which had a carrying value of $360,000,to AB, a property management entity.
The property was sold for $400,000 which isequal to itsfair value and was immediately leased back under an operating lease agreement.
Which of the following journals will record this transaction?
Suggested Answer: A
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11 comments · newest first
JA
Janessa
1 year ago
Definitely an operating lease, no doubt about it!
SY
Sylvia
1 year ago
Wait, leasing it back? Is that really a good move?
GE
Germaine
1 year ago
Fair value and carrying value match, interesting!
AM
Amie
1 year ago
I think they should have kept it instead of leasing back.
GU
Gussie
1 year ago
Sold for $400k, that's a nice profit!
FE
Felix
1 year ago
Hmm, I'm not sure. There could be some edge cases or tricky behavior with the `remove` function that I'm missing. I'll need to double-check the documentation.
DA
Dalene
1 year ago
XML sounds familiar, but I don't think it's the default for Alibaba Cloud. I'm leaning towards JSON.
AY
Ayesha
1 year ago
Okay, let me think this through. I'm pretty sure that dedup would be the best choice here, as it can help eliminate duplicate data and speed up the search process.
AL
Allene
1 year ago
Okay, I've got this. The organization would offer those credit terms when they can borrow funds at a lower rate than the annual interest cost, which is option A. That way, they can take advantage of the discount and still come out ahead financially.
LA
Layla
1 year ago
I remember something about dynamic modes, but I can't quite recall if they will automatically set it to trunk. Maybe "switchport mode dynamic desirable" could work?
XE
Xenia
1 year ago
Wait, what does NCQA even mean? I'm feeling unsure about how to approach this.