elizabethv20 elizabethv20

08-04-2024
Mathematics

Answered

ricardo inc leased equipment from scotty company on december 31, 2024. the lease is a 10-year lease with annual payments of $50,000 due beginning on januar 1, 2024, and at each decemebr 31 therafter through 2032. the present value of the lease payments is $439,306. scotty company's impliceit rate of 3% is known by the lessee. in 2024 statement of cash flows, how much should be the amouont of cash inflows (outflows) listed under financing activities related to the lease transaction

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