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On Jan 01, the ABC Company issues $200,000 of 5 year, 7% bonds at 97. The entry to record the issue of the bonds would
On Jan 01, the ABC Company issues $200,000 of 5 year, 7% bonds at 97. The entry to record the issue of the bonds would include which of the following? a. A Debit to investment in bonds for $194,000 O b. A Debit to interest expense for $6,000 . A Debit to Cash for $200,000 O d. A Credit to bonds payable for $194,000 Which of the following ratios is the best indicator of a company's ability to stay in business for the long term? O a. Debt to total assets O b. Earnings per share O b. Oc. Current ratio O d. Price-Earnings ratio A general ledger: O a. Provides a chronological record of transactions O b. Contains asset and liability accounts Is a collection of the entire group of accounts maintained by a company O d. Shows accounts in alphabetical order Which of the following is NOT one of the three Primary business activities? O a Operating b. Investing O c. Financing O d. Planning
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