On Inception Date,the Present Value of the Minimum Lease Payments

question 9

Multiple Choice

On inception date,the present value of the minimum lease payments is:

• A)$60 359
• B)$64 170
• C)$64 584
• D)$69 000

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Definitions:

Common Stock

Equity securities that represent ownership in a corporation, giving shareholders voting rights and a residual claim on corporate earnings in the form of dividends.

Authorized

Pertains to the maximum number of shares a corporation is legally permitted to issue, as specified in its charter.

Stated Value

An assigned value to no-par value stock by the company for accounting purposes, often used to meet state regulations.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to a share of the company's profits and voting rights.