USE THE FOLLOWING FACT SET TO ANSWER QUESTIONS 16 – 18: North Pole Real Estate Corp. signs an agreement on January 1, 2025, to lease a retail location to The Polar Expresso, a Christmas-themed Cafe. The following information relates to this agreement. The agreement requires equal annual rental payments of $28,335 to the lessor, beginning on January 1, 2025. The term of the non-cancelable lease is 3 years with no bargain purchase or renewal options. The building has an estimated economic life of 5 years. It is not a specialized asset. The fair value of the asset on January 1, 2025, is $88,000. The building will revert back to the lessor at the end of the lease term, at which time the building is expected to have a residual value of $7,000, none of which is guaranteed. The Polar Expresso uses the straight-line depreciation method for all buildings. The lessor’s implicit rate is 4% and is unknown to the lessee. The lessee’s incremental borrowing rate is 5%. 4%, 3 periods – PVF-AD 3, 4% = 2.88609; PVF of $1 3, 4% = 0.88900. 5%, 3 periods – PVF-AD 3, 5% = 2.85941; PVF of $1 3, 5% = 0.86384. QUESTION 16 –> The Polar Expresso will classify this as a Finance Lease. Perform all five lease classification tests and indicate which one(s) determine that this is a Finance lease rather than an Operating lease. Transfer of ownership Bargain purchase Lease Term / Economic Life Present value Alternate Use / Specialized asset

USE THE FOLLOWING FACT SET TO ANSWER QUESTIONS 25 –27: Miller Corp. hired unqualified accounting staff and discovered many errors. Indicate what adjusting entries are necessary to correct these errors, assuming the 2023 books have already been closed. QUESTION 25 –> At the end of 2023, $4,200 of Interest Revenue should have been accrued, but the staff forgot. In early January 2024, when the $4,200 in cash was received, Interest Revenue was credited. What adjusting journal entry will correct this error in 2024?

Equipment was purchased at the beginning of 2022 for $850,000. At the time of its purchase, the equipment was estimated to have a useful life of six years and a salvage value of $100,000. The equipment was depreciated using the straight-line method of depreciation through the end of 2024. At the beginning of 2025, the estimate of useful life was revised to a total life of eight years and the expected salvage value was changed to $62,500. The amount of depreciation expense for 2025, reflecting these changes in estimates, is:

To manage all types of errors and exceptions using one block, PHP provides the Throwable interface.

Declaring an instance from a PHP class like PDO is done by using a reserved word that signals object construction.

A preterm infant in your NICU has a positive blood culture. The lab reports the gram stain as gram positive cocci in chains. You recognize that the likely organism is:

Which is the the first line of immune defense?

A G2P1 mother presents in preterm labor at 32 weeks. On admission interview she mentioned that she has been taking care of a neighbor’s cat, including cleaning the litter box. You recognize that she is at an increased risk infection with of:

Placental transfer of IgG is an example of:

Match the body part to the correct percentage when referring to the “Rule of Nines”