Copy of Match the terms to their correct definitions.

On December 31, 2029, Chang Corporation leased a ship from Fort Myers Company for an eight-year period expiring December 31, 2038. Equal annual payments of $500,000 are due on December 31 of each year, beginning with December 31, 2029. The lease is properly classified as a finance lease on Chang’s books. The present value at December 31, 2029 of the eight lease payments over the lease term discounted at 10% (the appropriate rate for Chang to use in this situation) is $2,934,210. Assuming all payments are made on time, the amount that should be reported by Chang Corporation as the total liability for finance leases on its December 31, 2030 balance sheet is

Estevez Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2029 is as follows: 12/31/2028 12/31/2029 Employee advances $24,000 $36,000 Accrued salaries payable 160,000 ? Salaries expense during the year 1,400,000 Salaries paid during the year (gross) 1,250,000 At December 31, 2029, what should Estevez report for accrued salaries payable?

In 2028, equipment was sold for proceeds of $468,000. The equipment cost $786,000 and had a book value of $432,000 at the time of the sale. If the Accumulated Depreciation-Equipment balance was $2,061,000 on 12/31/2027 and $2,205,000 on 12/31/2028, what was the depreciation expense for 2028?

True or False. In order for speciation to occurs a species must be isolated for a long period of time (hundreds of generations).

Which of the following equations represents the process of photoosynthesis?

In population ecology we study a variety of factors that can affect populations. _________ is the spatial arrangement of organisms in an area. 

Mendez, Inc. reported net income of $88,000 for the year ended December 31, 2028. Included in net income were depreciation expense of $16,800 and a gain on the sale of equipment of $3,400. The equipment cost $80,000 and accumulated depreciation of $48,000. Each of the following accounts increased during 2028 by the following amounts:   Land                                                                                    $11,000 Prepaid rent                                                                          $13,600 Available-for-sale securities                                                 $ 2,000 Bonds payable                                                                     $10,000 What amount of cash was provided or used by investing activities for Mendez for the year ending December 31, 2028?

Hauke Company purchased 6,000, $1,000, 9% bonds on December 31, 2028. The carrying value of the bonds on December 31, 2028, was $5,880,000. The bonds mature on September 1, 2033, and pay interest on March 1 and September 1. Hauke sells 3,000 bonds on September 1, 2029, for $2,964,000 after receiving the interest. Hauke uses straight-line amortization. The gain on the sale is

During 2028, Palmyra Company earned a net income of $494,000, which included a depreciation expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:                      Increases                                                                Decreases Accounts payable              $45,000                    Accounts receivable       $12,000 Inventory                             36,000                     Accrued liabilities              24,000                                                                               Prepaid insurance              33,000   Based on this information, what amount will be reported for net cash provided by operating activities for 2028?