Bibby Company retired a $400,000.7% bond issue at 99 . If the unamortized discount is $20.000, the entry will include a: Select one: a. Debit to loss on bond retirement for $10,800 b. Gredit to gain on bond retirement for $16,000 c. Debit to loss on bond retirement for $16.000 d. Credt to gain on bond retirement for 510,800 A company has the following income Statement What is the Times-interest-Earned Ratio? Select one: a. 5 to 1 b. 7.5 to 1 c. 10 to 1 d. 4 to 1 e. 3 to 1 Karin, Inc. has 1,000 shares of 4%,5100 par value, curnulative preferred stock and 100,000 shares of s2, par value common stock outstanding. There were no dividends declared in 2020 . The board of directors declared and paid dividends of 57,000 each in 2021 and 2022. What is the amount of dividends recelved by the common stockholders in 2022? Select one a. 52,000 b. $1.000 c. 35,000 d. 5100000 A company has the following: Calculate the company's Working Capital Select one: a. $50,000 b. $20,000 c. $30,000 d. $40,000 e. $10,000 A company has the following: What is the company's quick ratio? Select one: a. 5:1 b. 2:1 c. 1:1 d. 1.13:1 Darmstadt company sold merchandise for which it received total cash payments of $2.713.600. A 6% sales tax was included in the total cash paymen The proper amount to record as sales would be: Select one. a. 52.736,300 b. 52,447,946 $2460,000 d. 52,560,000 Which payroll item is paid for by both the employer and the employee in the same exact amount? Select one: a. SUTA b. Social Security c. State income Tax d. FUTA 6. Federal income Tax All of the following are necessary to pay a cash dividend except: Select one: a. Sufficient Unappropriated Retained Earnings b. At least five years of profitable operations c. Action by the Board of Directors d. Cash A debenture bond means: Select one: a. It is issued depending on other financing the company is waiting to attain b. It is unsecured and therefore based on the good faith and credit of the issuing company c. It is secured by intangible assets of the company such as accounts receivable d. It is maturing all at once e. It is a bond that never matures. A company has the following: Calculate the Current Ratio Select one: a. 1:1 b. 1.75:1 c. 1.125:1 d. 2:1 [e. 3:1 Sisters inc. Issued a 120 -day note in the amount of $180.000 on November 1. 2022. with an annual rate of 4%. What amount of interest has accrued as of December 31,2022? Select ones: a. 2,250 b. 51.800 c. 53.000 d. 51,260 On November 1, Minerva borrowed from Albas, giving him a s24,000, 3 month, 9% note, interest payable at maturity, Minerva made no entry after November 1. What entry would Minerva make on December 31. the end of the accounting period? Select one: interest Payable Intarest Expense 160 b. interest Expense 360 Cash 300 6 interent ixpente Interest Noyatile. d. Interest Experse 300 biscount on Notes Fayahie At December 31,2022 , Central Corporation had 40.000 stares outstanding of 160 par value common stock. the shares were orizinally issised for $168 per share. On January t. 2023, Central split its common stock 3 for 1 with a corresponding reductioc in the stocks par value, The market pice of the stock just before the split was s300 pershare. After the splt the balance in the common stock account is: Select one: 4. 5.6720.000 b. 1212000,000 c. 57.200.000 d. 52.400000
