34. Numbers of times interest charges earned is computed as a Income before income taxes plus Interest divided by Interest Expense ncome before income aves less Interest Expense divided by Interest Expense ncome income divided by laterest Expense d. Income before income taxes plus Interest Expense divided by Innerest Revenue 35. Balance sheet and income statement data indicate the following: Bonds payable 6% issued 2000, due 2020) Preferred 89 stock. SI00 par (no change during the year) Common stock, S50 par change during the year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid Based on the data presented above, what is the mmber times bond interest charges were eamed (round to of two decimal places)? b, 6.83 36. on June 1, s400,000 of bonds were purchased as a long-term investment at 97.5 S500 was paid as the and brokerage the bonds interest at 12%, which is paid on January 1 and July semiannually the total cost to be debited to the investment account? 37. Which of the following investments below should be accounted for by using the cost method? b long-term vestments in stock not have a significant influence investments in stock where the investor does long-term investments in stock where the investor does have significant influence over d. temporary investments in stock and long-term investments in where the investor stock does not have a significant influence over the investee 38. An investor purchased 500 shares of common stock, $25 par, for s21,750, subsequently, 100 shares were sold for s49.50 per share. What is the amount of gain or loss on the sale? b. $600 gain c, $600 loss d. 9.250 loss