MIT 28) Which of the following is the base amount when performing vertical analysis of an income statement? A) gross profit B) net sales C) sales revenue D) total expenses I jOn January 1, 2015, Bratias Company purchases equipment and sigpis a 6-year mortgage note for ONIT $80,000 at 15%. The note will be paid in equal annual installments of 214139, beginning January 1, 2016. Calculate the balance of the Mortgage Payable account after the payment of the first installment. A)$60,351 .B) $58,861 $12,000 D) $70,861 ay Which of the following occurs when a 2-for-1 stock spilt is declared? A) The balance in padd-in capital doubles. B) The balance in common stock remains the same. The balance in common stock is reduced to half the original amount D) The balance in common stock doubles. MT When a bond is sold at a price higher than the face value, the difference is known as a A) discount B) maturity value. face value. D) premium 30.) Which of the following is true of the accounting entries for debt securities? A) The receipt of interest revenue is recorded with a debit to Cash and a credit to Long-term Securities-Held-to-Maturity. B) The receipt of interest revenue is recorded with a debit to Interest Revenue and a credit to Cash C) Investments in debt securities are recorded at cost, including any brokerage fees pald. D) Debt securities disposed of at maturity are recorded with a debit to the short-term or Long-term Investments account and a credit to Cash. Omit