28 Beram Corp issued a $70.000, ten year bond at the face rate of 0% pamut How much cash wine bondedor the end of the first rest pros? Select one A $2.000 51,200 C. 51.000 5800 On 29 Below are some financial data for Flower Industries current year. Net son account during your $100,000, Cost of merchandise during year $300.000, Accounts receivable beginning of you Select one A 120 days 8.00 days Gee 0.72 Den 30 Use the incomplete Sockholders' Equity section of flox Company's balance sheets of 21, 2017 to the flowing question Common stock 17 gw.100.000 shares autorid, Additional poden conta common 160.000. Retained angs, Tatry wo 2,000 shares at $16,000, Total stockholders' equity 5076.000. How many shares of common lockar outstanding Second A 100.000 89.000 G 78.000 0.60,000 $ 4 HE & Y D IL 5 7 rinciples of Accounting I 10003 Question 31 bonds ud af 102. this means that Select A. a $1,000 bond sold to $100 B. the bonds sold at a discount Ca 51.000 bond old for $1.020 D the bond rate of interest is 102% of the market rate of interest 32 re Idently the transaction that is not an investing activity Select one: Purchase of investments for cash Purchase of equipment for cash Sale of merchandise for cash D. Sale of land for cash 33 P100 Which one is the station that borde will be at cocost? Select one A the credit standing of the issuing company is not as good as her companies in a sine of Be face rate of interest is less than the market rate of interest at the time of issue C. the matters is more than the market rate of interest at the time of the issuing company will be able to retice the bonds to the oturty, De 34 Deonton Bands Payable is a bance sheet rom for Corvonne: How would it may be on the balance ? Stone 80 S ES 5 7 8 9 0 34 wewe 100 Decourt on Borde Payable a balance sheet tom for Corvon Inc. How would you like to cused on the balanceret Select one: A. Currently B. Long-term by Current set D. Contability Quan 3 The Stockholders' Equity section of the balance sheet of Brah Company reveals the following information Common took para 5150,000. Additional paid in capita common $850.000. There have been to issues of stock since the corporation began in The average so price per share of stock was . Select one A $3.00 B 517.00 C520.00 D. Not enough information to determine en 36 Presidentity the correct ratio for a total color measure of liquidity? Select one A Accounts receivable tumover ratio 3. Choosh operating you C Number of de les inventory . Working capital 37 Gray Company issued 5000,000 verbonds, restable settimally. The market rate of internet was to PV factor to (14 periods. 3) 0661 PV Annuity actor for a periods. 21126 The potentia Select one 20 0 S uu Y [ ES 5 0 5 6 7 8 9 Gray Company issued 3500.000, iven your bonds, eros payable manual. The market rate of interest was . Poctor for 114 periods. 3 i 0661 PV Annuity factor for (14 periods. 3) 11.26 The issuance price of the bord www P2.00 Select one AS556,420 B. $500,000 G. 5555.780 D. $575,740 Que 38 Which of the following statements de penerally considered desirable Select one A A large decrease in the accounts receivable turnover ratio B. A decrease in the number of days sales in receivables C. An increase in sales along wm a wger decrease in the gross proftratie D. A decrease in the cash flow from operations to currentes ratio On 39 At the end of the first year of operations, the balance sheet ol Henty nad the following balance Accounts Pecera, 58.000 Accounts Puyat, S.000 Inventory. 54.000, and Unexpired Insurance, $2.000 The corporation reported net incomalee 000 for the year, Including depreciation expense of S6,000, and see the indirect method of computing net cash flow from operating at Based on information, net cash flow from operating activities Soledne A. 586,000 B. 120.000 O. 572.000 D. 570.000 D40 We de bonds price by computing 4 5 ) L 5 6 7 8 Question 38 Not yet werd Which of the following statements is generally considered desirable? Points out of 200 Select one A. A large decrease in the accounts receivable turnover ratio B. A decrease in the number of days sales in meivables G. An increase in sales along with a larger decrease in the gross profit ratio D. A decrease in the cash flow from operations to current abilities to Question 39 Meryered Port of 2.00 Fagoon At the end of the first year of operations, the balance sheet of Henry had the following balances Accounts Receivable 5,000: AC Payable, 55.000, Inventory, 54.000; and Unexpired Insurance, 52.000. The corporation reported net income of $80,000 for the you including depreciation expense of $6,000 and uses the indirect method of computing net cash flow from operating activities Base formation, net cash flow from operating activities is Select one: A $68,000 B. $90,000 C. $72,000 D. 579.000 Question 40 We determine bonds price by computing Most of 100 Select one A present Value of the stream of interest payments and the future value of the marity amount Buturove of the stream of interest payments and the future value of the maturity amount. Cutre villue of the stream of interest payments and the present value of the maturity amount D. present value of the stream of interest payments and the present value of the maturity amount Pas por 80 383 SY $ JE Y 5 3 5 5 6 7 .00 9 0 4 - T Finciples of Accounting | 10003 Identify the transaction that is not a financing activity Question 41 Select one A Issuing bonds for cash Selling an investment in IBM stock for cash C. Purchasing a company's own stock (treasury stock) for cash D. Making a cash payment to repay a bank loan Question 42 How to report the Discount on Bonds Payable account on the balance sheet? Select A. aset B. expense C. long term tably D. contra long-term ability 43 www Foto200 Which one is the situation that a bondholder doesn't Select one A The issuing companys onbtration steadily declining The issuing company's interest coverage ratio is steadily rising C. Market interest rates are steadily rising. D. The issuing companyanet cohflow from operating activities is stay increasing Question 44 Please entity the correct activity in the statement of cash flows regarding the foclaration and payment of cash diviends when using Indirect method Punto og DE S Y F B + & 7 6. 8 02 0 Gestion 44 Not yet Point 200 Please identify the correct activity in the statement of cash tows regarding the declaration and payment of cash dudu when using Indirect method Select one: A As an operating activities B. As an investing activities C. As a financing activities D. As a noncash investing and financing activities Question 45 Peabody Inc, reported net income for the current year. Which of the following business transactions would cause cash trompting activities to be higher than the amount of not income? Pistol Select one: A Cash dividends were paid to stockholders during the year B. Depreciation expense was recorded for the year O. A bank loan was repaid during the year. D. Equipment was purchased for th during the year. Questo 46 Bands in the amount of $50,000 with a ste of ben years were issued by Ford Company of the face rate is anders is paid semiannusly, what would be the total amount of interest paid over the ite of the bonds? Mayward PO 200 Pingo Select one: A $50.000 B 51.500 C. $30,000 D. $3.000 Do 47 Popular Inc began business on January 1, 2017. The corporate charter authoredance of 1,000 shares of no-par value common stock of which 200 shares were issued on January 1, and 4.000 shares of value. cumulative preferred stock, of which one were issued on January 1, Portland Sound 400 shares of common stock at se per share on May 1 The by to record the lance of the shares on og Y + S SL & (5 On 47 Popular Inc. began business on January 1, 2017. The corporate charter authorised issuance of 1,000 shares of no para common stock of which 200 shares were issued on January 1, and 4,000 shares of Spar value, 6% cumulative preferred stock, of which one wees on January 1. Portland Sound told 400 shares of common stock at 58 per share on May. The entry to record the sunce of the shares or May 1 wil P2.00 Y ago Select one A. Incre Cash, 51,000; increase Additional Paid Capti/Common, 6320 and increase Common Stock. O. B Increase Cash, $3.200 Increase Additional Paid-in Capital Common, $2,000 and increase Common Stock $400 Cincrease Cash, 84,800 and increase Common Stock, 54,800 D. Increase Cash 53,200 and increase Common Stock, 53,200 Question 48 Please donny the transaction that win decrease working capital? Pout of 200 Preston Select one A. Collection of accounts receivable B. Purchase of a new computer with cash G. Payment of sales payable D. Purchase of merchandise on credit I trinh Company has paid out more in dividends than it has had in net income, over the time of the company then there should be Question 49 Newww Put 200 Page Select one A. Increase in the Common Stock account increase in the Bettined Earnings account C. decrease in the Common Stock account D. decrease in the Retained Earnings account Dution 50 On January 1, 2017 Baronissued 10,000 shares of 10%, $20 per value cumulative preferred stock in 2017 and 2018, no dividends were declared on preferred stock in 2019. Bogart had a profitable year and decided to pay dividends to stockholders of both preferred and common Mock us$200.000 available for divided in 2018. how much could itney to the common stockhode? Pon 200 Du CO % > TE 8 Quin 48 Please identify the transaction that wil decrease working capital? Put of 2.00 Select one: A Collection of accounts receivable B. Purchase of a new computer with cash C. Payment of salaries payable D. Purchase of merchandise on credit Ostian 49 Naye wewe Part 20 FO rian Company has paid out more in dividends than it has had in net income, over the time of the compary, then there should be Sectone A increase in the Common Stock account B increase in the retained Earnings account G. decrease in the Common Stock account D. decrease in the retained Earnings account on 50 Nyered On January 1, 2017, Baron inued 10,000 shares of 10%, 520 per value cumulative preferred stock in 2017 and 2016, ce dividends were declared on preferred stock in 2019. Bogart had a profitable your and decided to pay dividends to stockholders of bom preferred and common stock. If it has $200.000 available for dividends in 2010. now much could it pay to the common stockholders Select one A $140,000 B. 5160,000 0 51B0,000 D5200 000 Finisht Previous page 5 L S HE