Reply #43

In the discussion thread: Can You Name the Last Two Presidents who Were Elected with A Business Background? [View all]

Response to Recursion (Reply #42)

Sun May 27, 2012, 10:16 AM

Gman (21,168 posts)

43. Credit to the liability for the lease,

Debit to the asset for the lease, then amortize the lease which gets passed on to the income statement.

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44 replies	Author	Time	Post
Can You Name the Last Two Presidents who Were Elected with A Business Background? [View all]	louis c	May 2012	OP
I got one of the two	jsmirman	May 2012	#1
Yup - the only reason businessmen are elected is to screw us over.	Initech	May 2012	#2
I hate it when people think someone should be elected to "run government like a business."	trotsky	May 2012	#3
More importantly, government is supposed to do the things the free market can't and WON'T do	TrollBuster9090	May 2012	#13
Bingo. The Constitution clearly states that one of the main functions of our government	PA Democrat	May 2012	#16
Other presidents as businessmen	aristocles	May 2012	#4
See... Harding was my second choice	jsmirman	May 2012	#6
They never even discussed their tangential associations with business, except Hoover and Bush	louis c	May 2012	#8
There was a lot of discussion of G H W Bush's role in Zapata	FarCenter	May 2012	#10
That's a far cry from tauting one's business credentials (NT)	louis c	May 2012	#32
The Warm Springs Polio Rehabilitation Center	thucythucy	May 2012	#14
Which of them ran on their business background though?	NYC Liberal	May 2012	#28
Great point	AnnieK401	May 2012	#5
The next time someone says run government like a business	Gman	May 2012	#7
I usually say that a real businessman would eliminate most of the DoD.	Ikonoklast	May 2012	#12
Whose ROI? Yours and mine, or Exxon and GE? Makes a huge difference. n/t	A Simple Game	May 2012	#24
Imagine if the government had to account capital stock depreciation as a "loss"...	Recursion	May 2012	#25
When you start talking about the balance sheet	Gman	May 2012	#27
Ah, "Good Will"	Recursion	May 2012	#33
Capitalized lease?	Gman	May 2012	#41
Or just the accounting equation	Recursion	May 2012	#42
Credit to the liability for the lease,	Gman	May 2012	#43
Great post!	CanonRay	May 2012	#9
Great point! But I think Woody Allen did it better in What's Up Tiger Lilly.	TrollBuster9090	May 2012	#11
And why don't Bill Clinton, George H.W. Bush, Jimmy Carter count? nt	Romulox	May 2012	#15
Actually Harry Truman had part ownership in a men's wear store.	yellowcanine	May 2012	#17
And Jimmy Carter was a peanut farmer. That is a business.	yellowcanine	May 2012	#18
How is a lack of business experience helpful?	badtoworse	May 2012	#19
Oh, god	Doctor_J	May 2012	#29
What an erudite response.	badtoworse	May 2012	#31
It's not the experience so much as the objective.	baldguy	May 2012	#36
I fully agree.	badtoworse	May 2012	#40
At the very least, a president had advisors	Gman	May 2012	#44
LBJ owned radio and TV stations.	yellowcanine	May 2012	#20
President Obama made a statement recently about just that	FailureToCommunicate	May 2012	#21
He was absolutely correct	badtoworse	May 2012	#22
Corporations are sitting on trillions in retained earnings, the "private sector"	xtraxritical	May 2012	#26
don't feed the troll, xx	Doctor_J	May 2012	#30
Do you ever post anything worth reading?	badtoworse	May 2012	#34
Jimmy Carter	barbtries	May 2012	#23
That was my first thought too	RZM	May 2012	#38
You give Bush too much credit	eallen	May 2012	#35
His"business background" was largely a failure.	baldguy	May 2012	#37
Important post	RogerShuler	May 2012	#39

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