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Marvin Corporation has the following information reported on the balance sheet as of December 31 of the current year: Common Stock, $10 par value (authorized

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Marvin Corporation has the following information reported on the balance sheet as of December 31 of the current year: Common Stock, $10 par value (authorized 20,000 shares) $90,000 Treasury Stock (1,000 shares) $30,000 Based on the information above, how many shares of common stock are outstanding? O A. 10,000 OB. 8,000 O C. 1,000 OD. 9,000 NBC Corporation issued $560,000, 9%, 5-year bonds on January 1, 2019 for $606,573 when the market interest rate was 7%. Interest is paid semiannually on January 1 and July 1. The corporation uses the effective - interest method to amortize bond premium. The total amount of bond interest expense recognized on July 1, 2019 is: O A. $25,200. O B. $21,230. OC. $19,600 OD. $27,296. A company reports the following balances: 12/31/2019 $15,000 105,000 10,000 62,000 12/31/2020 $158,000 97,000 Common Stock Treasury Stock Additional Paid - in Capital Retained Earnings 83,000 What is reported on the statement of cash flows prepared with the indirect method for the year ended December 31, 2020? Assume there were no retirements of common stock or additional purchases of Treasury Stock during 2020. No dividends were declared in 2020. O A. Financing Activity of $143,000 OB. Financing Activity of $151,000 OC. Operating Activity $21,000 OD. B and C On January 1, of the current year, Roadway Delivery Company purchased a truck for $70,000. Depreciation Expense is $3,000 per year. During the first year of use, the company paid $4,000 to repaint the truck and $2,000 for new tires. What is the total expense for the year ended December 31, end of current year? O A. $6,000 O B. $3,000 OC. $9,000 OD. $7,000

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