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31. ABC Company tells you that it issued its bonds payable at 97. XYZ Company tells you that it issued its bonds at 103. What
31. ABC Company tells you that it issued its bonds payable at 97. XYZ Company tells you that it issued its bonds at 103. What can you say about these bonds? a. ABC issued bonds at a premium and XYZ issued bonds at a discount. ABC issued bonds at a discount and XYZ issued bonds at a premium. ABC issued bonds at a premium and YXZ issued bonds at face value. ABC issued bonds at a loss and XYZ issued bonds at a gain. A finance lease is different than a short-term lease because: -ie oon cash will be refunded the lessee or renter uses an asset legally owned by someone else the lessee reports an asset and a liability on its balance sheet cash payments are required Inventory for Bloomington Acura and Subaru would not include: computers used cars brake pads tires 34. The company records Credit Card Discounts of $65,000; Sales Discounts of $35,000; and Sales Returns and Allowances of $75,000. Cost of Goods Sold Expense is $700,000. Total Cash Sales Revenue is $300,000 and Total Credit Sales Revenue is $900,000. What is the amount for Net Sales Revenue? a. b. $925,000 $1,200,000 $325,000 $1,025,000 35. Which item will be included in the investing section of the Statement of Cash Flows? Cash paid to common stockholders for dividends Cash received from customers when they pay off their accounts receivable Cash paid to buy some land Cash paid to suppliers for inventory
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