Fresh Fish Has Assets Valued at $1

Fresh Fish has assets valued at $1.2 million and liabilities of $.98 million.The firm wants to obtain new equipment via a capital lease.The equipment costs $200,000 and the present value of the lease payments is $175,000.With the lease,the firm's balance sheet will show assets of ________ and liabilities of ________.

A) $1,375,000; $1,375,000
B) $1,400,000; $1,180,000
C) $1,400,000; $1,400,000
D) $1,375,000; $1,155,000
E) $1,400,000; $1,155,000

Correct Answer:

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