the first minimum annual lease payment paid on december 31 2006 consists of which of 604624
A six-year capital lease entered into on December 31, 2006, specified equal minimum annual lease payments due on December 31 of each year. The first minimum annual lease payment, paid on December 31, 2006, consists of which of the following?
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|
Interest expense |
Lease liability |
|
|
a. |
Yes |
Yes |
|
b. |
Yes |
No |
|
c. |
No |
Yes |
|
d. |
No |
No |