6. Treasury stock on the balance sheet should be reported as a(n) A Current asset B. reduction to long-term investments C. long-term asset D. increase to total retained eamings in the stockholders'equity section E. decrease to total retained earnings in the stockholders equity section. 7. Cash is categorized as restricted cash if it A is held in a special fund for use to pay off long B. cannot be invest because we plan C. has not yet been received as routine D. is invested in land we purchased for speculation and therefore cannot be used for current operations. E. All of these items would be classified as restricted cash. term debt when it matures. to use it to pay accounts payable as they come due. payment on account from our customers Reese Company reported the following information for 2018 Cost of Goods Operating Ex Unrealized holding gain on available for sale debt securities.6,000 Cash dividends received from securitites 410,000 50,000 12,000 8. Calculate Reese's gross profit percentage._ -9. For 2018, Reese would report comprehensive income of what amount? A $123,000 B. $138,000 C. $102,000 DS 36,000 E. None of the above 10. For 2018, Reese would report other comprehensive income of what amount $12000 B 36,000 C. $123,000 D. $138,000 E. None of the above When an 8% coupon rate bond pays interest semi-annually and the market rate of interest is 7%, what discount rate should be used to determine the selling price of the bond? A. 8.0% B.40% C. 7.0% D. 3.5% E. Some other interest rate 11