4) The following data are available for Two-off Company Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of common stock 160,000 Payment of cash dividends 90,000 Net cash provided by financing activities is: A $360,000. $420,000. $180,000. D $370,000. E none of the above 25) To close the dividends account, debit Retained Earnings and credit Dividends A 0 debsk Dvwdends and cedt Retained Eings c debet Iicome Summary and credt Duidenda D debit Dividends and credt Income Summary E none of the above. 26) When SS00,000 of 10-year, 10% bonds that pay interest semiannually are sold when the market rate of interest is 12%, which of the following lines describes the calculation of the selling price of the bonds? (PV-Present Value of S1, PVA Present Value of $1 Annuity). )-bond selling price (PV of 5% x $500,000) + (PV of 5% x $50, (PVA of 12% x $500,000) + (PV of 6% x $50,000)-bond selling price (PV of 6% x 8500,000) + (PVA of i0% x SSO,000) . bond seling price (PV of 6% x SS00,000) + (PVA of 6% x S25.000) . bond selling price B c D E none of the above. 27) The Revised Uniform Partnership Act defines a partnership as A Any association of two or more persons or entities B An association of two or more persons to carry on as co-owners a business for profit C A separate legal entity for most legal purposes. D An entity created by following statutory requirements. E none of the above