A bond indenture is a. the amount for which the corporation can buy back the bonds prior to the maturity dale b. a contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders. c. a contract between the corporation issuing the bonds and the underwriters selling the bonds d. the amount due at the maturity date of the bonds Funny-Bone Company reported net income of $350,000 for the year. During the year, accounts receivable increased by $70,000, accounts payable decreased by $30,000 and depreciation expense of $80,000 was recorded. Net cash provided by operating activities for the year is a. $530,000. b. $370,000. c. $470,000. d. $330,000 A fixed asset with a cost of $82,000 and accumulated depreciation of $73,000 is sold for $6,000 cash, the recognized loss on the sale of a fixed asset is a. $1,000 b. $9,000 c. $3,000 d. $6,000 A building with an appraisal value of $154,000 is made available at an offer price of $172,000. The purchaser acquires the property for $40,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $75,000. The cost basis recorded in the buyer's accounting records to recognize this purchase is a. $160,000 b. $120,000 c. $172,000 d. $154,000 Flower Company has 40,000 shares of $ 100 par, 2% cumulative preferred stock and 200,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $20,000 Year 2: 90,000 Year 3: 180,000 Determine the dividends per share for preferred and common stock for the thud year. a. $2.00 and $0.90 b. $2.00 and $0.25 c. $4 50 and $0.25 d. $325 and $0.25