A company purchases its inventory from suppliers on account. During the year, its inventory account increased by $13 million and its accounts payable to suppliers decreased by $5 million. If cost of goods sold was $540 million, its cash outflows to inventory suppliers totaled: Multiple Choice $522 milion $532 million 5548 million 5558 million Given the information below, which bonds) will be issued at a discount? Bond 1 Bond 2 Bond 3 50 Stated Rate of Return Market Rate of Return 60 90 100 138 Bond 4 88 88 41 Multiple Choice Bond Bondt Bonds 2 and 3 Bond 2 Discount-Mart Issues $20 million in bonds on January 1, 2021. The bonds have a nine-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Cash Paid Interest Expense Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $800,000 800,000 800,000 800,000 $883,104 887,259 891,622 896,203 $83, 104 87, 259 91,622 96, 203 Carrying Value $17,662,083 17,745,187 17,832, 446 17,924,068 18,020,271 What is the stated annual rate of interest on the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate.) (Do not round your Intermediate calculations.) Multiole Choice 10% a Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is probable that Higgins will settle the lawsuit for an estimated amount in the range of $130,000 to $230,000, with all amounts in the range considered equally likely. How should Higgins report this litigation? Multiple Choice As a liability for $130,000 with disclosure of the range. As a lability for $230,000 with disclosure of the range, As a ability for $180,000 with disclosure of the range. As a disclosure only. No liability is reported