1)

Under which scenario will bond interest income exceed cash received for interest during each period?

All of these.

Bond are purchased at a premium.

Bond are purchased at a par.

Bond are purchased at a discount.

2)

Normally, the payment of a previously declared dividend will result in:

a decrease in liabilities.

a decrease in stockholders' equity.

All of the options presented.

a decrease in working capital.

3)

Financial statement ratio analysis may be undertaken to study liquidity, turnover, profitability, and other measures.What type of ratio is the quick ratio?

turnover

profitability

other

liquidity

4)

Using an indirect approach for preparing a statement of cash flows, which of the following must be reported as supplemental information?

Question 27 options:

Cash paid for interest,cashpaid for taxes and noncash investing/financing activities.

Cash paid for interest.

Cashpaid for taxes.

Noncash investing/financing activities.