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Question 18 (3 points) Bark Company issued $1,000,000 of 10% notes that resulted in interest expense of $100,000 per year. What is the net cash
Question 18 (3 points) Bark Company issued $1,000,000 of 10% notes that resulted in interest expense of $100,000 per year. What is the net cash outflow if Bark's effective tax rate is 40%? $100,000 $ 60,000 O$ 40,000 $160,000 Question 19 (3 points) Rating Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $230,000; Bonds Payable, $280,000; Capital Lease Liability, $50,000; and Deferred Income Tax Liability, $50,000. Total stockholders' equity was $500,000. The debt-to-equity ratio is 00.20 O 0.35 1.22 0.55 Question 20 (3 points) Kissell Manufacturing, Inc. Kissell Manufacturing, Inc. began business on June 1, 2009. The articles of incorporation authorize issuance of 10,000 shares of $2 par common stock and 5,000 shares of $8 par 6% cumulative preferred stock. Refer to the information for Kissell Manufacturing, Inc. What is the maximum amount that can be reported on Kissell's balance sheet for common stock and preferred stock, respectively, if all of the stock is issued? Common Stock $20,000 Preferred Stock $ 2,400 Common Stock $20,000 Preferred Stock $40,000 Preferred Stock $40,000 Common Stock $10,000 Common Stock $10,000 Preferred Stock $ 2,400
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