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Question 24 2 points PARTNERSHIP INCOME DISTRIBUTION for partnership D. Partner As salary allowance is 100.000 and Partner A's interest on original capital balance is 20,000 and Partner As share of the remainder of the partnership's net income is 50,000, how much is Partner As total share of the partnership's net income? O A 170,000 B. 150.000 C 120.000 D. 100.000 E None of the above Moving to the next question prevents changes to this answer Question 24 of 50 Moving to the next question prevents changes to this answer Question 3 of 5 Question 2 2 points DEPRECATION: Which method of computing depreciation expense results in the same amount of depreciation each year? O A Straight line B. Double-declining balance C. Units of production Sum of years digits L. None of the above Moving to the next question prevents changes to this answer Question of so Moving to the next question prevents charges to this answer Question of SO 2 points Question 33 FINANCIAL RATIOS Which financial ratio is defined as net credit sales divided by average et accounts receivable) A Days sales in inventory B. Debt-to Equity ratio C Add test ratio D. Accounts receivable turnover ratio Inventory turnover a/Downloads/ACC%20Final%20222-2.pdf + Fit to page ID Page view A Read Moving to the next question prevents changes to this answer Question 20 of 50 Question 20 2 points JOURNAL ENTRIES: Company purchases 1,000 shares of its own $10 par value common stock for $60,000 What is the journal entry to record the purchase of the 1000 shares of treasury stock A Dr. Cash 60,000; Or. Treasury Stock 60,000 O B. Dr. Treasury Stock 60,000; Or. Cash 60,000 C.Dr. Cash 40,000; Or. Treasury Stock 40.000 D. Dr. Treasury Stack 40,000; Or. Cash 40,000 E. None of the above Question 20 of 50 Moving to the next question prevents changes to this answer Question 21 of 50 Moving to the next question prevents changes to this answer 2 points Question 21 STATEMENT OF CASH FLOW: In the statement of cash flows, in which section is the cash receipt from the issuance of common stock reported? A Operating Activities B. Investing Activities O C. Financing Activities D. Schedule of Noncash Transactions E. None of the above Question 21 of 50 Question 27 2 points FINANCIAL RATIOS: Which financial ratio is defined as: cash including Cash Equivalents Short-term Investments Net Current Receivables divided by Total Current Liabilities? A Days sales in inventory B. Debt-to-Equity ratio O C. Acid-test ratio D. Accounts receivable turnover ratio E. Inventory turnover A Moving to the next question prevents changes to this answer Question Close Window Save and Submit Che Submit to complete this assessment. Question 50 2 points Save As. Question 50 FINANCIAL RATIOS: Which financial ratio is net income plus income tax expense plus interest expense divided by interest expense? A Days' sales in receivables B. Current ratio O C. Times interest earned ratio D. Profit margnatio Asset turnoverato Moving to the next question prevents changes to this answer Question 19 of 50 2 points Question 19 STATEMENT OF CASH ROW. In the statement of cash flows in which section is the cash payment of dividends reported! A Operating Activities B. Investing Activities Financing Activities Schedule of Noncash Transactions None of the above Moving to the next question prevents changes to this answer Question 23 JOURNAL ENTRIES: A B and Care partners with capital balances of $40000 (forty thousand dollars) each. The three partners share income and losses in the ratio of 1:1:1. A withdraws from the partnership. What is the entry of Ais paid $100,000 in partnership cash for his equity? A Dr. Cash 100,000; Or. A Capital 100,000 B. Dr. A Capital 100,000; Cr. Cash 100,000 C.Dr. A Capital 40,000, Dr. B, Capital 30,000, Dr. C. Capital 30,000; C Cash 100000 D. Dr Cash 100000; Cr. A Capital 40,000, Cr. B. Capital 30,000, Cr. C. Capital 30.000 E None of the above Moving to the next question prevents changes to this answer. Moving to the next question prevents changes to this answer. Question 31 JOURNAL ENTRIES: What is the journal entry to record the issuance of $100,000 face amount of 10% bonds for $105.000 cash? O A Dr. Cash 105,000, Gr. Premium on Bonds Payable 5000 Cr. Bonds Payable 100,000 B.Dr. Premium on Bonds Payable 5,000 Dr. Bonds Payable 100,000; Cr. Cash 105,000 C. Dr. Cash 105,000; Cr. Bonds Payable 105.000 D. Dr. Cash 105,000; C. Discount on Bonds Payable 5.000 Cr. Bonds Payable 100,000 E. None of the above Moving to the next question prevents changes to this