34. Numbers of times interest charges earned is computed as by Income before income taxes plus Innerest llspense Expense Interest Espense divided by interest Income before income taxes divided by nterest Expense Interest Revenue d Income before income taxes plus Expense divided by 3s Balance sheet and income statement data indicare the following: Bonds payable, 6% (issued 2000, due 2020) Preferred 894 stock, $100 par no change during the year Common stock, $50 par no change during the year) Income before income tax for year Income tax for year Preferred dividends paid Based on the data presented above, what is the number times bond interest charges were eamed round lo of 36. On June 1, s400,000 of bonds were purchased as a long-term investment at 975 and S500 was paid as the brokerage commission. If the bonds bear interest at 125%, which is paid semiannually on January and Jaly what the total bo be debited the d, S390,000 37. Which of the following investments below should be accounted for by using the cost method? b, long-term investments in stock where the investor does not have a significant innuence long-term investments in stock where the investor does have significant influence over d the investee stock and long-term investments in stock where the investor temporary investments in iaveslee does not have a ificant influence over the signi 38. An investor purchased 500 shares of common stock, $25 par, for S21750. Subsequently, 100 shares were sold for $49.50 per share. What is the amount of gain or loss on the sale? a. $12,750 gain b. $600 gain