Pina Company owns 35% interest in the stock of Cheyenne Corporation. During the year, Cheyenne pays $41000 in dividends to Pina, and reports $299000 in net income. Pina Company's investment in Cheyenne will increase Pina net income by $14000. $63650. O $88650. $104650. The following information is available for Barkley Company: 2017 2016 Accounts receivable $ 360,000 $400,000 320,000 Inventory Net credit sales 280,000 3,000,000 1,200,000 300,000 1,400,000 1,060,000 Cost of goods sold Net income 170,000 Calculate the inventory turnover for 2017. 4.3 times 4.0 times 2.0 times 2.4 times Bramble Corp. owns 35% of Crane Company. For the current year, Crane reports net income of $270000 and declares and pays a $54000 cash dividend. Which of the following correctly presents the journal entries to record Bramble's equity in Crane net income and the receipt of dividends from Crane? Dec. 31 Revenue from Stock Investments 94500 Stock Investments 94500 Dec. 31 Stock Investments 18900 Cash 18900 Dec. 31 Stock Investments 94500 Revenue from Stock Investments 94500 Dec. 31 Cash 18900 Stock Investments 18900 Dec. 31 Stock Investments 94500 Revenue from Stock Investments 94500 Dec. 31 Cash 54000 Stock Investments 54000 56000 Dec. 31 Stock Investments Revenue from Stock Investments 56000 Multiple Choice Question 56 On January 1, 2022, Bramble Corp. purchased at face value, a $3000 8%, bond that pays interest on January 1. Bramble Corp. has a calendar year end. The entry on January 1, 2022, is 3000 Debt Investments Cash 3000 240 Cash Interest Revenue 240 240 Interest Receivable Interest Revenue 240 3000 available attempts. Debt Investments 3000 Click if you would like to Show Work for this question: Onen Show Work On January 1, Cheyenne Corp. purchased as an investment a $2000, 10% bond for $2000. The bond pays interest on January 1. What is the entry to record the interest accrual on December 31? 200 Interest Receivable Interest Revenue 200 100 Interest Receivable Interest Revenue 100 O 200 Debt Investments Interest Revenue 200 100 Debt Investments Interest Revenue 100