32 The following data were reported by a corpontion Authorized shares Issued shares Treasury shares 20,000 15,000 3,000 The number of outstanding shares is A. 12,000 B. 15,000 C. 17000 D. 20000 33. In each succeeding payment on an installment aote A. The amount of interest expense increases B.The amount of interest expense decreases C.The amount of interest expense is unchangend D. The amounts paid for both interest and principal increase propotionately Charleston Asociates had the following accouts and halances Beginning 30,000 4.600 24,000 6,400 Ending 40,000 1,000 25,800 3,800 Accounts receivable Prepaid insurance Accounts payable Uneamed revenue 34. Net income for the period was $40,000. The net cash flows from opeting activities would be A.$32800 B. $35,200 C S38,000 D. $47 200 The following partial balance sheet (S in thousands) for Paisano Seafood Inc. is shown below Accounts payable Other liabilities Total current liabilities Long-term liabilities Total liabilities Capital stock Retained earnings Total shareholders' equity Total liabilities and equity 60 Cash Accounts recelvable Notes receivable 240 170 50 320 110 430 150 180 330 760 200 25 505 Inventory Prepaid expenses Total current assets 255 Plant assets 760 Total Assets 35. The current ratio is (rounded): A. 1.98. B. 1.58 C. 1.17 D. 0.66