Case 08-4 The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from
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Statement of Facts Big Bear Power is a public utility company that leases a combustion turbine from Goliath Co for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2004 and Big Bear’s right to use the turbine begins on January 1‚ 2005. They have the following three transactions that need to be analyzed under ASC 840‚ Accounting for Leases‚ to determine whether costs or potential costs associated with the provision should be included in minimum lease payments: 1. Fees
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The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from the lease
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our group conducted research to determine whether costs or potential costs of the provisions of Big Bear Power’s lease of Goliath Co’s combustion turbine should be included in its minimum lease payments. We have provided a summary of the facts‚ our conclusion‚ the basis for our conclusion‚ and an analysis of possible alternatives to our conclusion as requested. Summary of the Facts Big Bear Power (the Company)‚ a public utility company‚ is leasing a combustion turbine from Goliath Co. for
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On December 15‚ 2010‚ Big Bear Power entered into a lease agreement with Goliath Co. for a combustion turbine. In order for Big Bear to properly account for the transaction‚ the terms and provisions of the lease agreement must be evaluated and important decisions must be made. My discussion to follow will be presented in three parts. Part one will present the evaluations that must be made by Big Bear in terms of accounting for the lease. Part two will present the lease details and provisions
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Bear Encounters Colorado has a healthy population of bears. There are 16‚000 to 18‚000 bears roaming around looking for food from April to Thanksgiving and there are hundreds of bear encounters each year. This year experts predict the chances of bear encounters will increase because food supplies are low. Colorado Parks & Wildlife said your chances of a bear encounter increase when you leave attractants around your home or camp site. Those items include trash‚ food wrappers‚ and bird and dog
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The Unbelievable feelings in Anton Chekhov’s "The Bear" "The Bear‚" which is a classic one-act play written 1900‚ is one of the great works of Anton Chekhov‚ which is very much about a widowed woman. The Bear can be regarded as a comedy since it is to give the audience entertainment and amusement. This comedy reveals the fine line between anger and passion. The theme is about a strange beginning of love between Mrs. Popov and Smirnov. It demonstrated that love changes all things it touches
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Bears 1. Bears are large animals with thick‚ strong legs. Bears have big heads‚ little eyes and small round ears. All bears are covered with heavy fur. 2. Bears can see and hear like us. Bears have a very good sense of smell. Bears can stand on their hind legs to smell and see better. Bears are smart and curious animals. 3. There are 8 different kinds of bears - brown bears‚ American black bears‚ polar bears‚ giant panda bears‚ Asiatic black bears
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306 February 5‚ 2013 Big Bear Power public utility company is leasing a combustion turbine from Goliath Co. Big Bear signed a 10-year noncancelable lease on December 15‚ 2010. The lease begins on January 1‚ 2011. There are three provisions to this lease that need to be analyzed to tell if they should be included in the minimum lease payments. For provision one‚ Big Bear pays $500‚000 to an external legal counsel to negotiate the lease agreement. This $500‚000 that Big Bear paid in connection with
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The next day someone called Mr.Katagiri and he was taken by surprised because it was the Big Bear Trading Company. They said that they will pay the loan just don’t let the old frog come again to their place. In that case‚ Mr. Katagiri was now fully convinced by the frog that’s why he is determined now to go underground with the frog and kill the giant worm. There was a saying that every time you plan on something it will always fail just like what happened to Mr. Katagiri. He was shot on the very
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