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if you can answer all of these it will be much appreciated!!! thank you:) If the market rate of interest is 8%, the price of
if you can answer all of these it will be much appreciated!!! thank you:)
If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face value of $100,000 will be Select one: O a. Equal to $100,000 O b. Greater than $100,000 c. Less than $100,000 O d. Greater than or less than $100,000, depending on the maturity date of the bonds The cost method of accounting for investments Select one: O a. requires the investment to be reported at its original cost in the balance sheet O b. requires the investment be decreased by the reported net income of the investee O c. requires the investment be increased by the reported net income of the investee O d. requires the investment to be reported at its market value The price-earnings ratio is an assessment of a firm's Select one: O a. ability to use the correct sales price for its goods O b. relationship of the selling price of goods to the earnings on the sales O c. ability to increase its stock authorization amount O d. growth potential and future earnings prospects When the number of common shares outstanding has changed during the year, net income is divided by Select one: a. number of common shares outstanding at the balance sheet date O b. number of common shares outstanding at the beginning of the accounting period O c. weighted-average shares outstanding of both common and preferred O d. weighted-average shares outstanding of common The equity method of accounting for investments Select one: O a. requires the investment be increased by the reported net income of the investee b. requires a year-end adjustment to revalue the stock to lower of cost or market O c. requires the investment to be reported at its original cost O d. requires the investment be decreased by the reported net income of the investee When one corporation acquires the properties of another corporation and the latter then dissolves, the joining of the two corporations is called a Select one: a. merger O b. pooling of interests O c. purchase O d. consolidation Which of the following is an example of a permanent difference between taxable income and reported income? Select one: O a. using the installment method of determining revenue for taxable income and recognizing revenue when the sale is made for income statement reporting O b. including tax-exempt municipal bond interest in net income and not including any tax-exempt municipal bond interest in taxable income O c. using the straight-line depreciation method for taxable income and MACRS depreciation for income statement reporting O d. using the straight-line depreciation method for income statement reporting and MACRS depreciation for taxable income Step by Step Solution
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