A six-year search for a new home for a private, Lake Oswego- based high school culminated in an agreement that dovetails with the vision of a metro-area church. Westside Christian High School recently signed a purchase agreement for the City Bible Church campus in Tigard. A leaseback arrangement will let both the high school and church operate out of the building. Each group is excited about the partnership; however, financial challenges lie ahead.
Aged persons needing cash income supplements, whose net worth is primarily in their residence, will benefit more from a sale-leaseback arrangement than through a reverse mortgage. The benefits of a reverse mortgage may not accrue if the recipient dies during the term and the value of the home is included in the estate. Under a sale-leaseback, $125,000 of the gain on the sale is exempt, the buyers gain the benefit of depreciation on the property and may deduct interest on any loan used to purchase the property.
... to make the payments required by the leaseback agreements, so the company depended on funds from ... concluded that the sale-and-leaseback arrangement was an "investment contract" within the meaning of...
... passenger ships under a 10-year sale/leaseback arrangement. That acquisition is exempt pursuant t...
This paper investigates differences between the financial statements of Volvo Corporation, Daimler AG, and Fiat SPA as prepared under International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (U.S.GAAP) from 2004-2006. The application of IFRS generally resulted in higher net income than U.S. GAAP. Many differences have already been resolved by the convergence projects of the Financial Accounting Standards Board and the International Accounting Standards Board. However, significant and persistent reconciling items that are likely to affect U.S. automakers' financial statements include: pension and other post-retirement benefits expenses, capitalization of development costs, and minority interests reporting.
... item is related to a real estate sale-leaseback arrangement. Volvo also included a difference rela...
Taylor Energy Co. has repurchased two properties it donated to the University of New Orleans Foundation in 1994. The purchase price was close to $3 million, Taylor officials said. The properties were among several donated to the UNO Foundation as part of a plan to develop a museum district in the area near Taylor Energy's headquarters in Lee Circle. The properties were given at no cost with a leaseback arrangement with Taylor Energy.
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