10 The process of "depletion" would most likely be used by: Boeing, Inc b. General Mills, Inc c. Exxon Mobil, Inc d. Target, Inc. a. Deferred taxes would not be related to 11 a. a company choosing the same accounting principles for books and tax b. a company trying to save taxes by pushing the tax payments to future years c. a company having to keep two sets of records for depreciation d. a company adding more complexity in its recordkeeping 12 share and A typical stock split will number of shares and par value per market price per share a. increase, decrease, decrease b. decrease, decrease, increase c. increase, increase, decrease d. decrease, decrease, decrease 13. Fast Automobile Company borrowed money from its bank. This is a current note payable The principal amount is $90,000. The interest rate is 9% annually. The note was signed on August 1, 2018 and the money was borrowed on that day. The principal is due on May 1, 2019. What is the interest expense recognized for the two years? 2018 2019 $4,050 $3,375 $3,375 $4,050 $3,375 $3,375 $2,700 $2,700 . b. C. d. than the stated (coupon) interest 14. Consider bonds payable. If the market interest rate is rate, the bonds are issued as a discount a. more b. more premium discount c. less d. less face