On january 1, 2018, wellburn corporation leased an asset from tabitha company. the asset originally cost tabitha $300,000. the lease agreement is an operating lease that calls for four annual payments beginning on january 1, 2018, in the amount of $36,000.
the other three remaining payments will be made on january 1 of each subsequent year.

which of the following journal entries should tabitha record on january 1, 2018?

multiple choice:

1. cash 36,000
lease receivable 36,000

2. cash 36,000
deferred rent revenue 36,000

3.cash 36,000
rent revenue 36,000

4. cash 36,000
rent expense 36,000

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.