ABC INCEntered into a Sales-Type Lease to Lease JKL an Asset

question 133

Multiple Choice

ABC INC.entered into a sales-type lease to lease JKL an asset that cost ABC INC. $120,000.The lease agreement requires five annual year-end rentals of $40,000 each.ABC INC.used a 15 percent interest rate to compute the rentals.The dealer's profit (or loss) that ABC INC.recognized was:

• A)$14,086 gain.
• B)$18,000 gain.
• C)$14,086 loss.
• D)$80,000 gain.

Recognize rehabilitation as a form of punishment and understand its application.

Comprehend the principles behind the unfair advantage theory.

Identify rehabilitation programs that aim to improve inmates' character and virtue.

Outline the criteria for just punishment according to contemporary theorists.

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Definitions:

African Slave Ancestry

Refers to the lineage and heritage of individuals descended from people who were forcibly brought from Africa to the Americas as part of the transatlantic slave trade.

Traditions

Cultural or societal practices that are passed down through generations, often holding symbolic meaning.

Intellectual Functioning

A term referring to the cognitive capabilities of an individual, including reasoning, problem-solving, planning, abstract thinking, comprehension, and learning.

Extrafamilial

Pertaining to influences, relationships, or activities that occur outside of the family environment.