?1. Days' sales in inventory measures how quickly a company can collect its receivables.

True or False

2.Steve owns? 64% and Mark owns? 36% of a partnership business. They purchase equipment with a suggested value of? $9,600. The current market value of the equipment at the time of purchase was?$9,100. At the time of the balance sheet? preparation, depreciation of? $160 was recorded. Based on the information? provided, which of the following is true of the? partnership? A.The Equipment account will be debited at? $9,600 on the date of purchase.

B.The Equipment account will be debited at? $9,100 on the date of purchase.

C.The Equipment account will be debited at? $9,440 on the date of purchase.

D.The Equipment account will be debited at? $8,940 on the date of purchase.

3.On January? 1, 2019, Commercial Equipment Sales issued? $28,000 in bonds for? $15,700. These are?six-year bonds with a stated interest rate of? 10%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the? straight-line method to amortize the Bond Discount. What amount is debited to Interest Expense on June? 30, 2019? A.$1,025

B.$25,067

C.$2,425

D.?$1,400