On July 1, 2025, fibed 5200,000 of bonds. The bands were dated March 1, 2025. Maturity date 1/1/30. Interest is paid semi-annually on March 1 and September 1. Straght line amortization . A total of 210.500 in cash was received, which inchided accrued interest What appears as interest Payable on the 12/31/25 balance sheet? Select on a. 59.000 1. $6.000 $12.000 od 3.000 $15.000 The Shippocasse Company had a current Ratio of 1:2. The Company declared a $10.000 cash dividend to preferred shareholders and immediately pad 70% of it. What is the combined effect of these two transactions on the current ratio and total stockholders uity, respectively? Select O Increase Increase @b ase. Decrease O Increase, Decrease d. No Effect Increase o e Decrease No Effect Sweeney Co, began operations in 2022 and reported $225.000 in income before income taxes for the year. Sweeney's 2022 tax depreciation exceeded its book depreciation by 525.000, Sweeney so had nondeductible book expenses of 510.000 related to permanent differences Sweeney's tax rate for 2022 was 40% and the enacted date for years after 2032. In its December 31 2072 balance sheet what amount of deferred income tax ability should Sweeney report? Select one: O 58750 6: 510.000 Oic 512250 Od: $24000 Trey, Inc reports a taxable loss of $210.000 for 2021. Its taxable income for the last two years was as follows 2019 2020 $60,000 80,000 Trey spects taxable income in future years and has a tax rate of low for all periods affected. The amount Trey, Inc. ports as a nous for ancial reporting purposes in 2018 Select one $189.000 loss $168,000 los $147,000 loss od $70.000 loss O e$220.000 loss On July 1, 2025, fibed 5200,000 of bonds. The bands were dated March 1, 2025. Maturity date 1/1/30. Interest is paid semi-annually on March 1 and September 1. Straght line amortization . A total of 210.500 in cash was received, which inchided accrued interest What appears as interest Payable on the 12/31/25 balance sheet? Select on a. 59.000 1. $6.000 $12.000 od 3.000 $15.000 The Shippocasse Company had a current Ratio of 1:2. The Company declared a $10.000 cash dividend to preferred shareholders and immediately pad 70% of it. What is the combined effect of these two transactions on the current ratio and total stockholders uity, respectively? Select O Increase Increase @b ase. Decrease O Increase, Decrease d. No Effect Increase o e Decrease No Effect Sweeney Co, began operations in 2022 and reported $225.000 in income before income taxes for the year. Sweeney's 2022 tax depreciation exceeded its book depreciation by 525.000, Sweeney so had nondeductible book expenses of 510.000 related to permanent differences Sweeney's tax rate for 2022 was 40% and the enacted date for years after 2032. In its December 31 2072 balance sheet what amount of deferred income tax ability should Sweeney report? Select one: O 58750 6: 510.000 Oic 512250 Od: $24000 Trwy Inc portsutelosof 520.000 for 2031. stable income for the last two years as follow 2010 2020 560,000 80.000 Trey expects taxable income in future yes and has a tax rate of 30% for a periods affected. The amount that wy Inc. reports as a news for financal reporting purposes in 2021 Select aner O $189.000 loss O $168.000 lors 5147,000 loss Od 570.000 loss 5210,000 los
