PLEASE IGNORE THE ANSWER CHOSEN, I DON'T KNOW IF THEY ARE RIGHT

11) On January 1, 2015, Anodel Inc. acquired a machine for $1,000,000. The estimated useful life of the asset is 5 years. The residual value at the end of 5 years is estimated to be $50,000, What is the book value of the machine at the end of 2016, if the company uses the straight-Hine method of depreciation? A) $550,000 B) $600,000 C) $570,000 D) $620,000 12) Bison Inc. reported sales revenue for 2013 of $900,000. The products were sold with a nine-month warranty. Members of Bison' s management estimate that the cost of the warranty will be equal to 5% of sales revenue. Which of the following will be included in the amounts paid out as a result of warranty claims? entry to record the actual A) a debit to Estimated Warranty Payable for the actual amount of payments B) a debit to Warranty Expense for the actual amount of payments C) a credit to Estimated Warranty Payable for $45,000 D) a debit to Estimated Warranty Payable for $45,000 13) Which of the following occurs when a 2-for-1 stock split is declared? A) The balance in common stock is reduced to half the original amount. The balance in common stock doubles C) The balance in common stock remains the same. D) The balance in paid-in capital doubles, 14) Vista Camera Services started the year with total assets of $80,000 and total liabilities of $40,000 The revenues and the expenses for the year amounted to $120,000 and $70,000, respectively. Duri the year, the company did not issue any common stock, but it distributed dividends of $60,000. What is the amount of stockholders' equity at the end of the year? A) $120,000 B) $70,000 C) $60,000 D) $30,000 15) Nuptial Inc. paid the rent for the current month in cash. Which of the following account titles wil be debited? A) Rent revenue B) Rent expense Rent payable D) Prepaid rent 16) When does a company account for earned revenue if it follows cash basis accounting? Ay when cash is received after the service is completely rendered B) when the services are being rendered C) when cash is received, either prior to the services being rendered or at a time after the serv are rendered D) when services are rendered, even though cash may be received at a later date 17) Which of the following is the most liquid asset? A) Accounts Recelvable C) Cash B) Building D) Prepaid Expenses