answer all of them please
Question 3 3 pts At the end of the current year, Raptor Company has the following accounts and account balances: Accounts Receivable (A/R): $2,000,000 (debit balance); Allowance for Doubtful Accounts (AFDA): $10,000 (credit balance) Sales': $9,000,000 (credit balance) *Sales figure is for the year If using the analysis of receivable method, the balance of the amount in the Allowance for Doubtful Accounts is estimated to be $120,000 (credit balance). Bad debt expense has been on average 1.25% of net sales. Choose the BEST Answer - Under the Analysis of Receivable Method, the amount of bad debt expense to be booked as a result of "setting up" the doubtful accounts would be: $110,000 ($120,000 - $10,000) None of the answers are correct. $120,000 an amount which cannot be determined $130,000 $2,000,000 multiplied by 1.25% At the end of the current year, Raptor Company has the following accounts and account balances: Accounts Receivable (A/R): $2,000,000 (debit balance): Allowance for Doubtful Accounts (AFDA): $10,000 (credit balance) Sales*: $9,000,000 (credit balance) "Sales figure is for the year If using the analysis of receivable method, the balance of the amount in the Allowance for Doubtful Accounts is estimated to be $120,000 (credit balance). Bad debt expense has been on average 1.25% of net sales. Choose the BEST Answer - Under the Analysis of Receivable Method, after booking the bad debt expense, the net realizable value of receivables would be: $1.880,000 $10,000 $1,990,000 None of the answers are correct $120,000 $8,880,000 Question 5 3 pts Stock Premium is the amount paid for it that is above the par value. True False Question 6 3 pts The declaration, record and payment dates in connection with a cash dividend of $115,000 on Browning Corporation's common stock are October 15, November 14 and December 14. If Bob Jones purchased 100 shares of Browning Corporation stock on November 15th, would he be entitled to receive a dividend? Choose the BEST answer. No Yes Question 8 3 pts The declaration, record and payment dates in connection with a cash dividend of $115,000 on Browning Corporation's common stock are October 15, November 14 and December 14. What would be the journal entry required on the declaration date? Choose the BEST answer. cr. Cash Dividends Payable Cash dr. 115,000 115,000 dr. cr. Cash Dividends Cash Dividends Payable 115,000 115,000 Cash Dividends Cash dr. 115,000 115,000 dr. Cash Cash Dividends Payable 115,000 115.000 Nothing - declaration does not require a journal entry since the payable is already set-up. Question 9 3 pts The declaration record and payment dates in connection with a cash dividend of $115,000 on Browning Corporation's common stock are October 15. November 14 and December 14 What would be the journal entry required on the recordation date? Choose the BEST answer. 115.000 Cash Dividends be 115.000 115.000 115.000 Nothing the recordation des require an entry since mobility is being established 115.000 Cash Dritten ab 115.000 Question 10 3 pts What best describes a cash dividend? Choose the BEST answer. A non-cash payment payment made in lieu of the cash itself. A cash payment made as a result of the Board of Directors gifting shares of stock. A cash payment which reduces retained earnings. Cash payment made from contingent liabilities. None of the answers are correct