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29. In Becentere 2020 a compary collens sepo,000 trum cuttomen fir serv ioes w be provided is equal mandily amourns from Fibreary throech July of 2021 . Which of the followity is true? a The compeny will repont mikne of $1000000 per momah Feteuary thoought hidy of 2in2 L. h. The conpuny wall mpert an intermal novenue liabilify of $300,000 on its March 31,2021 beduler sheet. c. Hoib a and b. 4. Neivler a norh. 30. In the indirect method of proparing cach flows frum operading activities, depecianion expenie is added bock to met income because; a. Depreciation is a source of egerating cand flow. b. Depreciation is a non-caih expense. c. Depreciation doentr affect net income or cavh Hows. d. Deprecimico is an investion cith flow. 31. Which of the following is cot an operating liabiliry? a. Lasins payable b. Wages puyable ci Uneamed revenue d. Accounts gayable 32. A company offers credit tems of 3/15,n/45. A customer purchases $10,000 of merchandise oo account on May 12 and psys the invoice in fult on May 27. The paymeat date journal entry will; a. Debit cash $10,000 b. Credit accounts receivable $9,700 c. Debir-sales discounts $300 d. Credit sales discounes $200 33. On December 28, 2021, ABC Company had 40,000 shares of $6 par value coenenun stock outstinding. ABC declared a 3.for-1 stock splis on December 30, 2021. Which of the following: statements correctly describes ABC's common stock after the split? a. ABC has 80,000 shares of $3 par value common stock outstanding. b. ABC has 120,000 stures of $3 par value common stock outstanding. c. ABC has 80,000 shares of $2 par value common stock outstanding. d. ABC has 120,000 shares of 32 par value cogamion stock outstanding. 34. A company can increase its return on assets by: a. Increasing its profit margin b. Selling more goods and services without increasing its total assets c. Both a and b. d. Neither a nor b