Ask Question
BusinessBusiness
15 May, 15:12

Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the beginning of every month. This is an example of an annuity due.

A) True

B) False

+3
Answers (1)
  1. 15 May, 16:19
    0
    Answer: True.

    Explanation:

    The statement in question is correct because an annuity due is a form of payment on a property/equipment that is paid at the beginning of a period (e. g a month/year). Annuity due is paid periodically and is always at the start of a period.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If you're already working, what led you to choose this job? Do you think it was a good choice?
Answers (1)
The debit balance in Cash Short and Over at the end of an accounting period is reported as a. an asset on the balance sheet. b. a liability on the balance sheet. c. an expense on the income statement. d. income on the income statement.
Answers (1)
A song where several people sing the same melody but each singer starts at a different time is an example of
Answers (1)
An adjusting entry that increases an asset and increases a revenue is known as a (n) :
Answers (1)
A $38,000 coil winding and unwinding machine is estimated to provide additional value to production by $15 per unit.
Answers (1)
New Questions in Business
Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deduction, subject to a dollar limitation. b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.
Answers (1)
Desires to maintain a capital structure of 80% equity and 20% debt. They currently have an effective tax rate of 30%. The company's cost of equity capital is 12%. To obtain their debt financing, they issue bonds with an interest rate of 10%.
Answers (2)
During 2017, Blossom Company disposed of Pine Division, a major component of its business. Blossom realized a gain of $2920000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $3580000 in 2017.
Answers (1)
On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,500 in cash.
Answers (1)
Tools can be used safely for jobs that they were not designed to do. True or False
Answers (2)
Home » Business » Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the beginning of every month. This is an example of an annuity due. A) True B) False
Sign Up Forgot Password?