4 sub parts

Question 19 1 pts ABC corp, had the following balances on January 1, 2009: Accounts Recelvable of $4,800; Allowance for Doubtful Accounts $2,600. During the year, ABC recorded Sales of $26,000, cash collections of $22,600, and Bad Debt expense of $3,400. The ending balance in Accounts Receivable was $4,500. Which of the following is TRUE? The ending Balance in the Allowance for Doubtful Accounts was $2,300, The ending Balance in the Allowance for Doubtful Accounts was $6,000, The ending Balance in the Allowance for Doubtful Accounts was $3,700 All the answers above are wrong Question 20 1 pts Travel Inc had issued ten-year semi-annual bonds of Face value $1,000,000 at 98(1.e. at $980,000) when the market discount rate was 8%. Which of the following statements is TRUE? The coupon rate was less than 8% The coupon rate was more than 8% It is impossible to estimate anything about the coupon rate If the market rate never changes, the NBV of the bond will also not change Question 21 1 pts On July 1, 2009 a semi-annual $800,000 5 year bond with contractual (or coupon) rate of 10% had a Net book value of $675,044. The bond had been issued at a discount rate of 16% and matures on December 31, 2012. The bond amortization recorded on June 30, 2010 (rounded) would be: $15,123 $0 $14,003 580,000 $33,752 Question 22 1 pts Which of the following would NOT appear as an addback or subtraction in the operating activities section of an indirect statement of cash flows? Cash from the sale of Treasury stock Depreciation Receiving cash Dividends Gains or losses on the sale of a Building