On January 4, 2020, Kiley Co. leased a building to Dodd Corp…

On January 4, 2020, Kiley Co. leased a building to Dodd Corp. for a ten-year term at an annual rental of $200,000. At inception of the lease, Kiley received $800,000 covering the first two years’ rent of $400,000 and a security deposit of $400,000. This deposit will not be returned to Dodd upon expiration of the lease but will be applied to payment of rent for the last two years of the lease. What portion of the $800,000 should be shown as a current and long-term liability in Kiley’s December 31, 2020 balance sheet? Current Liability Long-term Liability a. $0 $800,000 b. $200,000 $400,000 c. $400,000 $400,000 d. $400,000 $200,000  

Essay Question 1(2*2=4 points): You will not any get any poi…

Essay Question 1(2*2=4 points): You will not any get any points for the whole question if you do not clearly explain the reason for your strategy. That is, no points will be given to each question if you do not provide/explain clear/correct explanations (i.e., using bullet points or several words only) for the strategy you put.  1-1. Explain one marketing strategy for American exporters in the U.S. when the U.S. dollar is strong against the foreign currency and why they should use the strategy (2 points). (1) Strategy:(2) Reason for the strategy:  1-2.  Explain one marketing strategy for American exporters in the U.S when the US dollar is weak against the foreign currency and why they should use the strategy (2 points).(1) Strategy: (2) Reason for the strategy:

During 2020 the DLD Company had a net income of $85,000. In…

During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts Receivable $3,000 increase Accounts Payable 1,000 increase Buildings   4,000 decrease Depreciation Expense 1,500 increase Bonds Payable 8,000 increase What was the amount of cash provided by operating activities?

The income statement of Dolan Corporation for 2020 included…

The income statement of Dolan Corporation for 2020 included the following items:  Interest revenue   $141,000 Salaries and wages expense  210,000 Insurance expense 21,200   The following balances have been excerpted from Dolan Corporation’s balance sheets:  December 31, 2020 December 31, 2019 Interest receivable $18,200 $15,000 Salaries and wages payable 17,800 8,400 Prepaid insurance 2,200 3,000 The cash paid for insurance premiums during 2020 was: