Please answer the following questions:

1.

Jackson Lid. sold motorcycles to a company in England at a total invoice price of 240,000 pounds. On July 1, the date of sale, the exchange rate was $1.60 = 1 pound. On August 15, the payment was received when the exchange rate was $1.58 = 1 pound. What is the entry for receipt of payment of the invoice? O A. Cash 379,200 Accounts Receivable 379,200 Cash 379,200 O B. Foreign-Currency Transaction Loss 4,800 Accounts Receivable 384,000 Cash 384,000 O C. Accounts Receivable 379,200 Foreign-Currency Transaction Gain 4,800 OD. Cash 384,000 Accounts Receivable 384,000Sampson Corporation sold a piece of equipment at a gain of $3,600. The equipment was purchased several years ago at a cost of $70,500 and had been amortized a total of $52,900. What is the amount of cash inow from the sale of the equipment? 0 A. $21,200 0 B. $10,400 0 c. $14,000 0 0. $17,600 The beginning and ending balances of long-term debt for Rambler Corporation are $61,500 and $35,400, respectively. If cash payments of long-term debt are $35,100, how much new long-term debt was issued during the year? 0 A. $26,100 0 B. $61,200 0 c. $61,800 0 0. $9,000 The beginning and ending balances of common shares for BMN Ltd. are $875,000 and $900,000, respectively. The accounting records indicate an issuance of common shares for $125,000 during the year. How much was paid during the year to retire shares? 0 A. $135,000 0 B. $75,000 0 0. $125,000 0 D. $100,000 Common-size statement reports only use which of the following values? O A. dollar amounts O B. percentages O C. financial ratios O D. none of the above