12. Which of the following accounts would not be considered when calculating the quick ratio? a. Accounts payable. b. Accounts receivable. c. Inventory. d. Cash. 13. As a result of the acquisition of LittleCorp, BigCorp records $300m of goodwill on its balance sheet. BigCorp amortizes patents over 15 years. What is the amortization of the goodwill over the first full year after the acquisition? A. B. zero $10m $20m $30m C. D. 14. Tinker's 2011 cost of goods sold was $750,000 and 2010 cost of goods sold was $770,000. The inventory at the end of 2011 was $188,000 and was $208,000 at the end of 2010 2011 Net sales was $1,150,000 for 2011, a 5% increase over 2010. What was Tinker's inventory turnover for 2011? 3.79 3.99 C. 3.84 A. B. D. 5.81 15. Which of the following is correct for Smith Company when Smith issues 10,000 shares of $10 par value common stock and pays $20,000 cash in exchange for a building? The market price of the Smith stock on the exchange date was $35 per share and the building's book value on the books of the seller was $200,000 A. B. C. D. Total assets increase $350,000. Stockholders' equity increases $200,000. Stockholders' equity increases $330,000. Total assets increase $330,000