Attached are 20 I wanting to get verified before I submitted. Thanks!

Question 1 Depreciation: A. C. Is the process of allocating to expense the cost of a plant asset. D. Is an outflow of cash from the use of a plant asset. E. Is applied to land. Question 1 options: A) Measures the decline in market value of an asset. B) Measures physical deterioration of an asset. C) Is the process of allocating to expense the cost of a plant asset. D) Is an outflow of cash from the use of a plant asset. Question 2 (0.75 points) A company's annual accounting period ends on September 30. During the current year, a depreciable asset that cost $16,000 was purchased on January 1. The asset has a $2,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a four-year life. What is the total depreciation expense for the current year? A. B. C. D. E. $875 Answer: D Feedback: Question 2 options: A) $4,000 B) $3,500 C) $3,000 D) $2,625 Question 3 The total cost of an asset less its accumulated depreciation is called: Question 3 options: A) Historical cost B) Book value C) Replacement cost D) Current (market) value Question 4 The employer should record payroll deductions as: Question 4 options: A) Current liabilities B) Employee receivables C) Payroll taxes D) Employee payables Question 5 A bond sells at a discount when the: Question 5 options: A) Contract rate is above the market rate. B) Contract rate is equal to the market rate. C) Contract rate is below the market rate. D) Bond has a short-term life. Question 6 On January 1, 2013, a company issued and sold a $400,000, 7%, 10-year bond payable and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is: 14,000 Question 6 options: A) DR Bond Interest Expense 14,000 CR Cash 14,000 B) DR Bond Interest Expense 28,000 CR Cash 28,000 DR Bond Interest Expense 14,200 C) CR Cash 14,000 CR Discount on Bonds Payable 200 DR Bond Interest Expense 13,800 D) DR Discount on Bonds Pay 200 CR Cash 14,000 Question 7 The total amount of stock that a corporation's charter allows it to issue is referred to as: Question 7 options: A) Issued stock B) Outstanding stock C) Common stock D) Authorized stock Question 8 Par value of a stock refers to the: Question 8 options: A) Value assigned to a share of stock by the corporate charter. B) Issue price of the stock. C) Market value of the stock on the date of the financial statements. D) Maximum selling price of the stock. Question 9 (0.75 points) Stockholders' equity consists of: Question 9 options: A) Long-term assets. B) Contributed capital and retained earnings. C) Retained earnings and cash. D) Premiums and discounts. Question 10 (0.75 points) A company issued 60 shares of $100 par value stock for $7,000 cash. The total amount of paid-in capital in excess of par is: Question 10 options: A) $100 B) $600 C) $1,000 D) $6,000 Question 11 A company's board of directors votes to declare a cash dividend of $0.75 per share. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is: Question 11 options: A) $375 B) $4,125 C) $7,125 D) $7,500 Question 12 Stock that was reacquired by the company and is still held by the issuing corporation is called: Question 12 options: A) Capital stock B) Treasury stock C) Redeemed stock D) Callable stock Question 13 The following data regarding its common stock were reported by a corporation: Authorized shares 20,000 Issued shares 15,000 Treasury shares 3,000 The number of outstanding shares is: Question 13 options: A) 12,000 B) 15,000 C) 17,000 D) 20,000 Question 14 The statement of cash flows is: Question 14 options: A) The only financial statement that reports the cash balance of a company. B) A financial statement that presents information about changes in equity during a period. A financial statement that reports the cash inflows and outflows for C) an accounting period and that classifies those cash flows as operating activities, investing activities, or financing activities. D) A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date. Question 15 The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is: Question 15 options: A) Operating activities. B) Financing activities. C) Investing activities. D) None of these as this is not reported on the statement of cash flows. Question 16 A company's transactions with its creditors to borrow money and/or to repay the principal amounts of loans are reported as cash flows from: Question 16 options: A) Operating activities B) Investing activities C) Financing activities D) Direct activities Question 17 The indirect method for the preparation of the operating activities section of the statement of cash flows: Question 17 options: A) Separately lists each major item of operating cash receipts. B) Separately lists each major item of operating cash payments. C) Is required if the company is a merchandiser. D) Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities. Question 18 When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income? Question 18 options: A) Decrease in income taxes payable. B) Depreciation expense. C) Amortization of intangible assets. D) Decrease in merchandise inventory. Question 19 Which of the following categories/methods would be used to account for an investment, where the intent of the investment was primarily for short-term profits? Question 19 options: A) Trading securities B) Available-for-sale securities C) Held to maturity securities D) Equity method Question 20 Ace Corporation has a long-term investment in the common stock of another entity. This investment is accounted for as an available-for-sale security. A journal entry to record a $10,000 decline in market value below cost would necessarily involve: Question 20 options: A) a debit to Unrealized Gain/Loss -- OCI B) a credit to Unrealized Gain/Loss -- OCI C) a debit to Available-for-Sale Securities. D) a debit to Investment Revenue