QUESTION 19 In the Supplemental Cash Flow section, how much will "Cash paid for interest be? O AS 8,000 Canone of the listed choices C C$ 4,000 CD 36,000 CL$ 16,000 QUESTION 20 In the Supplemental Cash Flow section, how much wil "Cash paid for taxes" be? C Ainone of the listed choices C 8.5 39,000 C C$ 57,000 D.$ 37,000 C $ 38,000 QUESTION 21 For the year ended December 31, 2020, the Average Days Sales an inventory CA30.42 C .73 o c4.44 c .none of the listed choices C 12.00 QUESTION 22 For the year ended December 31, 2020, the Receivable CA.4.44 none of the listed choices O c.10.00 12.00 E 12 85 QUESTION 23 Sano's Sweet Potatoes, Inc, had 10,000 shares of stock outstanding on January 1 During the year he sold 3,000 shares on March 31st, 6,000 shares on July 1st, and 8,000 shares on October 1st. If the Net Income for the year was $96 000, what was the approadmate EPS? A none of the listed choices C 33.56 cc.5.57 CD320 C 27.11 QUESTION 24 1. Expressing contribution margin as a percentage of sales C As not possible if variable cost per unit is constant C . is particularly useful to multiproduct firms C c prohibits a company from Chiculating break-even Dis easier using calculus Eis encouraged when a company has large fixed costs QUESTION 25 1. Charleigh Company bought a new p ap for $100.000 to use in the bus They made the truck will be useful to them for 5 years and then will be worth $10.000. It the company uses the straight line method of depreciation, how much would their depreconexpense below the fourth year? $20.000 $72.000 C $ 19,000 C 5 18.000 none of the listed choices QUESTION 26 1. What would do Comparvy A recording Goodwill on the ow Balance Sheet? CA Company A is sold to another company to more than the financial statements sayti none of the listed choices Company Abysanther company and pays more for than the far value of the tota les the far value of the b est that company CD.Company Amproves the reputation for increased on to responde An apparer dels that Company A is worth more than ancie ns port QUESTION 27 1. The Cape Cod Cotton Candy Company had the following in materi a ya Sale 100.000 units) $200,000 Vanto costs Con una Foxed costs Song test sales were to increase by 200 units, what would be the elect on nel come? C A 3150 increase QUESTION 28 Which phrase best describes the current role of the managerial accountant? C A Managerial accountants facilitate the decision making process within an organization C B Managerial accountants are solely stations in an organization O c Managerial accountants prepare the financial statements for an organizati C D.Managerial accountants make the key decisions within an organization C Managerial accountants are primarily information collectors QUESTION 29 You are given the cost and volume information below Opl$ 6,960 CL none of the listed choices QUESTION 3 1. When you prepare a journal entry to record a bond issued at a principal amount more that it's face, your journal entry would include CAA date to a bond premium account LA credit to a 'bond discount account CcAcredit to cash A credit to a bond premium account C A debit to a bond discount account QUESTION 33 1 A 7 yem 51 000 000 po band is priced to yold 1 CA$ 583 490 40 CLS 1 000 000 00 cc. none of the listed choices CD$ 547,034 24 CE3543.933.74 QUESTION 34 1. John is being a motore H e O C ape of the listed choices dwing options CD.argint C rost QUESTION 30 1 Drew Corp had a beginning balance on January 1, 2019 in Accounts Receivable of $200 000 and a beginning credit balance in the Allowance for Doubtful Accounts of $4,000 During 2019. Drew sold $1,000,000 of goods on credit and collected $800 000 If Drew estimates that 2% of their ending accounts receivable will eventually not be collected the adjusting journal entry for the Bad Debt Expense will include a credit to Allowance for Doubtful Accounts of CAS 16 000 C .$ 8,000 cc56,980 none of the listed choices C E$ 4,000 QUESTION 31 1. Sta on Drew, everything is the same except during the year, the company wrote of $2.000 in bad debts. Drew's ending balance in the allowance for doubtful accounts, under this scenario, would be: CA$ 4,000 CES 16,000 7,960 Option Purchasing the one for $62. Otrom Honest Susie Under the deathe would pay 10% down and making month which would a6% Noting complet sure of the trustworthiness of Suste edhe bankand, deed, was the gorge on such purchases Option 2 Dewing Dave hattered the bus of 575.000. Under the death would payne money down and annual repayment of Then the end of them year, we would pay the $75,000 Option 3: Mostly Honest would sell the bus to $72,000 Under the deathewodu homoy down and pay the 72.000 48 equal mo ay hinde interest Rare the deal in order of which is best to John CA 1,2,3 O none of the listed choices c 3.2.1 23.1.2 C 82,1,3 QUESTION 19 In the Supplemental Cash Flow section, how much will "Cash paid for interest be? O AS 8,000 Canone of the listed choices C C$ 4,000 CD 36,000 CL$ 16,000 QUESTION 20 In the Supplemental Cash Flow section, how much wil "Cash paid for taxes" be? C Ainone of the listed choices C 8.5 39,000 C C$ 57,000 D.$ 37,000 C $ 38,000 QUESTION 21 For the year ended December 31, 2020, the Average Days Sales an inventory CA30.42 C .73 o c4.44 c .none of the listed choices C 12.00 QUESTION 22 For the year ended December 31, 2020, the Receivable CA.4.44 none of the listed choices O c.10.00 12.00 E 12 85 QUESTION 23 Sano's Sweet Potatoes, Inc, had 10,000 shares of stock outstanding on January 1 During the year he sold 3,000 shares on March 31st, 6,000 shares on July 1st, and 8,000 shares on October 1st. If the Net Income for the year was $96 000, what was the approadmate EPS? A none of the listed choices C 33.56 cc.5.57 CD320 C 27.11 QUESTION 24 1. Expressing contribution margin as a percentage of sales C As not possible if variable cost per unit is constant C . is particularly useful to multiproduct firms C c prohibits a company from Chiculating break-even Dis easier using calculus Eis encouraged when a company has large fixed costs QUESTION 25 1. Charleigh Company bought a new p ap for $100.000 to use in the bus They made the truck will be useful to them for 5 years and then will be worth $10.000. It the company uses the straight line method of depreciation, how much would their depreconexpense below the fourth year? $20.000 $72.000 C $ 19,000 C 5 18.000 none of the listed choices QUESTION 26 1. What would do Comparvy A recording Goodwill on the ow Balance Sheet? CA Company A is sold to another company to more than the financial statements sayti none of the listed choices Company Abysanther company and pays more for than the far value of the tota les the far value of the b est that company CD.Company Amproves the reputation for increased on to responde An apparer dels that Company A is worth more than ancie ns port QUESTION 27 1. The Cape Cod Cotton Candy Company had the following in materi a ya Sale 100.000 units) $200,000 Vanto costs Con una Foxed costs Song test sales were to increase by 200 units, what would be the elect on nel come? C A 3150 increase QUESTION 28 Which phrase best describes the current role of the managerial accountant? C A Managerial accountants facilitate the decision making process within an organization C B Managerial accountants are solely stations in an organization O c Managerial accountants prepare the financial statements for an organizati C D.Managerial accountants make the key decisions within an organization C Managerial accountants are primarily information collectors QUESTION 29 You are given the cost and volume information below Opl$ 6,960 CL none of the listed choices QUESTION 3 1. When you prepare a journal entry to record a bond issued at a principal amount more that it's face, your journal entry would include CAA date to a bond premium account LA credit to a 'bond discount account CcAcredit to cash A credit to a bond premium account C A debit to a bond discount account QUESTION 33 1 A 7 yem 51 000 000 po band is priced to yold 1 CA$ 583 490 40 CLS 1 000 000 00 cc. none of the listed choices CD$ 547,034 24 CE3543.933.74 QUESTION 34 1. John is being a motore H e O C ape of the listed choices dwing options CD.argint C rost QUESTION 30 1 Drew Corp had a beginning balance on January 1, 2019 in Accounts Receivable of $200 000 and a beginning credit balance in the Allowance for Doubtful Accounts of $4,000 During 2019. Drew sold $1,000,000 of goods on credit and collected $800 000 If Drew estimates that 2% of their ending accounts receivable will eventually not be collected the adjusting journal entry for the Bad Debt Expense will include a credit to Allowance for Doubtful Accounts of CAS 16 000 C .$ 8,000 cc56,980 none of the listed choices C E$ 4,000 QUESTION 31 1. Sta on Drew, everything is the same except during the year, the company wrote of $2.000 in bad debts. Drew's ending balance in the allowance for doubtful accounts, under this scenario, would be: CA$ 4,000 CES 16,000 7,960 Option Purchasing the one for $62. Otrom Honest Susie Under the deathe would pay 10% down and making month which would a6% Noting complet sure of the trustworthiness of Suste edhe bankand, deed, was the gorge on such purchases Option 2 Dewing Dave hattered the bus of 575.000. Under the death would payne money down and annual repayment of Then the end of them year, we would pay the $75,000 Option 3: Mostly Honest would sell the bus to $72,000 Under the deathewodu homoy down and pay the 72.000 48 equal mo ay hinde interest Rare the deal in order of which is best to John CA 1,2,3 O none of the listed choices c 3.2.1 23.1.2 C 82,1,3