Q #1 (Each part carries two marks each) Briefly explain the following: a. b. What are various cost allocation methods as assets are held and used over time. Report bonds payable and interest expense for bonds sold at par and analyze the times interest earned ratio. c. Explain the importance of working capital and its impact on cash flows. d. Explain the purpose of stock dividends, stock splits, and report transactions. e. f. What is Return on Assets (ROA).Analyze a company's performance based on return on assets and its components. Describe the characteristics of common stock and identify the transactions affecting common stock.