Spirula Trading Inc. sublets a part of its office building to Jade Inc. for a period of ten years. Where will the company disclose this information? A.
as an off- balance sheet item
B.
disclosed as a liability in the balance sheet
C.
as a tangible asset in the balance sheet
D.
disclosed as an intangible asset in the balance sheet
E.
as a long-term liability in the balance sheet

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.