Q9:

proceeds from sale of plant asset show as

a.

cash inflow as an investing activities

b.

cash outflow as an investing activities

c.

cash outflow as an operating activities

d.

cash inflow as an operating activities

Q10:

X Co. generates $ 100,000 as net income during 2019. the preferred stocks dividends is $ 20,000 and the number of shares outstanding is 500,000 $1 par with $3 market value. price to earnings (P/E) ratio is

a.

5.34 %

b.

16%

c.

18.75

d.

6.25