Chris Budgets $30 This Week for Spending on His Two

question 69

Multiple Choice

Chris budgets $30 this week for spending on his two favorite things, pizza and movies.The price of a movie is $5.Moreover, he could buy 3 pizzas if he doesn't go to the movies.If pizza is on the horizontal axis, what is the slope of the budget line?

• A)2
• B)-1/2
• C)-1/3
• D)1/3
• E)-2

Identify required and not required disclosures by a lessor in a sales-type lease.

Understand the accounting treatment for lease payments received by a lessor in a sales-type lease.

Calculate and understand the gross profit recognition at the inception of a sales-type lease.

Comprehend the objectives of FASB's rules concerning leases.