6 The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: 0:40:34 Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $127,000 47,000 82,000 7,200 19,000 21,200 93,000 1 What is the ending balance for retained earnings? Multiple Choice $250,000 $176,000. $203.000. - 2 Six months ago, a company purchased stock investments with insignificant influence for $69,000. This is the company's first and only purchase of stock. The current year-end fair value of the stock is $72,900. The company should record a: 40:22 Multiple Choice Debit to Investment Revenue for $3,900. Credit to Dividend Revenue for $3,900. Debit to Unrealized Loss-Income for $3,900. Credit to Investment Revenue for $3,900. Credit to Unrealized Gain-Income for $3,900. Ron Landscaping's income statement reports net income of $73,500, which includes deductions for interest expense of $10.600 and income taxes of $33,100. Its times interest earned is: Multiple Choice 11.1 times 0.14 times 7.9 times 6.9 times 4.1 times 6 The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: 0:40:34 Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $127,000 47,000 82,000 7,200 19,000 21,200 93,000 1 What is the ending balance for retained earnings? Multiple Choice $250,000 $176,000. $203.000. - 2 Six months ago, a company purchased stock investments with insignificant influence for $69,000. This is the company's first and only purchase of stock. The current year-end fair value of the stock is $72,900. The company should record a: 40:22 Multiple Choice Debit to Investment Revenue for $3,900. Credit to Dividend Revenue for $3,900. Debit to Unrealized Loss-Income for $3,900. Credit to Investment Revenue for $3,900. Credit to Unrealized Gain-Income for $3,900. Ron Landscaping's income statement reports net income of $73,500, which includes deductions for interest expense of $10.600 and income taxes of $33,100. Its times interest earned is: Multiple Choice 11.1 times 0.14 times 7.9 times 6.9 times 4.1 times