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Q 14-17 please help me with these multiple choice i will rate !! 140140 If a bond is issued at a discount, the coupon rate
Q 14-17 please help me with these multiple choice i will rate !!
140140 If a bond is issued at a discount, the coupon rate is Select one Os equal to the effective rate b. less than the effective rate o not used to determine the bond's sale price d greater than the effective rate Notes Unsure Marks 15. 40 When the bond liability reported on the statement of financial position increases each year, this indicates that the bond was Select one O a issued at a discount b. issued at net realizable value O, issued at a premium O d. issued at face value Notes o Unsure Information The following information relates to questions 16 & 17: Kevin Company had the following account balances at the end of Years 1 and 2 Year 1 Year 2 Accounts Receivable $220 $320 Inventory 150 200 Accounts Payable 90 80 Additional Information: Sales/revenues reported on the Year 2 Statement of Earnings were $200 All sales/revenues during the year were made on account . The company's Cost of Sales for Year 2 was $120 Accounts Payable pertain solely to inventory purchases. All inventories are purchased on account There were no uncollectible amounts and Kevin does not foresee any Unsure 16.40 of 40 Cash collections from customers for Year 2 amounted to Select one: a. 550 b. $250 c. $280. O d. 5100 Unsure 1740 of 40 Cash paid for inventory purchases during Year 2 amounted to Select one: a $160 b. $180 c. $800 d. 560 Step by Step Solution
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