On January 1, $2,000,000, 5-year, 10% bonds, were issued for $1,960,000. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the semiannual amortization amount is

$4,000

$10,000

$8,000

$2,000

The entry to record the amortization of a premium on bonds payable on an interest payment date would

a debit to Premium on Bonds Payable and a credit to Interest Revenue

a debit to Interest Expense and a credit to Premium on Bond Payable

a debit to Bonds Payable and a credit to Interest Expense

a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash

Cash dividends of $73,863 were declared during the year. Cash dividends payable were $10,758 and $16,407 at the beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year.

Select the correct answer.

$63,105

$73,863

$90,270

$68,214

The following information is available from the current period financial statements:

Net income	$103,184
Depreciation expense	29,117
Increase in accounts receivable	16,270
Decrease in accounts payable	15,506

Determine the net cash flow from operating activities using the indirect method.

Select the correct answer.

$100,525

$164,077

$42,291

$103,184