Question 2 Not yet awered Marked out of 10 Prag question Altgeld, toc, has outstanding 10.000 shares of $150 par value, 74 nonparticipating, cumulative preferred stock and 10.000 shares of 530 par wie common stock if the dividend on preferred stock is one year in arrears, and the total cash dividend declared this year is $216,000. then the total amounts distributed to preferred and common stockholders, respectively, are Select one: A. 5105.000 and $111.000 B.180,000 and 516,000 $210,000 and 56,000 D. $63,000 and $153,000 Which depreciation method does not consider salvage value in its first year calculation? Select one: A. Straight line O B. Double-declining balance O C. Units of production o D. None of the above A current liability is an obligation that requires the use of an existing asset or the creation of another current liability, Select one: a Within the next operating cycle b. Within the coming year or the operating cycle, whichever is to longer Within the coming year or the operating cycle, whichever is shorter d. Within the coming year The December 31, 2019, balance sheet of Ivey Company includes the following information Inventory $750,000 Prepaid Expenses 60,000 Total Current Assets 1,800,000 Total Current Liabilities 875,000 Accounts Payable 540,000 What is Ivey's quick ratio at December 31, 2019? Select one: a. 1.13 b. 1.85 C. 0.80 d. 2.57 On September 1, 2019, Nichole Company's balance sheet indicates there are 1,800,000 shares of 560 par value common shares in the Common Stock account and $1,350,000 in the Additional Paid-in Capital account. There are 3,000,000 shares authorized on September 2. Caroline splits its stock 2 for 1. What is the dollar balance of Nicholes common stock account immediately after the stock splio Select one 0 A $216.000.000 3. 554,000,000 CS108,000,000 0.527,000,000 Kimball, Inc., has outstanding 10,000 shares of 375 par value, 6% nonparticipating cumulative preferred stock and 16,000 shares of $15 par value common stock of the dividend on preferred stock is two years in arrears, and the total cash dididend declared this year is $255,000, then the total amounts distributed to preferred and common stockholders, respectively, are Select one: A 581,000 and 5174,000 EL $135,000 and 5120.000 C540,500 and $214,500 D. $90,000 and 5165.000 For the current year, Cart Company's net cash flow from operating activities is $240,000; its beginning total liabilities were 5400,000, and its ending total abilities were $900,000 The company's operating-cash-Now-to-total liabilities ratio for the year is. Select one: A 0.27 3.0.60 C.0.32 D.0.37 Consider the following events: Cash of $168,000 was used to purchase a used truck, Cash of $120,000 was used to retire bonds. Cash of $75,000 was received from the sale of an investment at a loss. Cash dividends of $42,000 were received from an investment. Plant assets were depreciated $18,000, under the straight-line method. Compute the net cash flow from investing activities (parentheses indicate an outflow). Select one: O A. $ 75,000 B. $ (21,000) C. $(213,000) O D. $ (93,000) Equity financing involves: Select one: A. Issuing bonds payable B. Repayment of principal and interest to a creditor C. Borrowing money from a bank D. Selling shares of stock to investors Which of the following is the correct order of the steps in the accounting cycle? Select one: A. Adjust, report, analyze, record, and close O B. Report, analyze, close, record, and adjust OC. Record, report, analyze, adjust, and close D. Analyze, record, adjust, report, and close Which of the following is not an internal control component identified in the COSO framework: Select one: O A. Monitoring activities OB. Technology O C. Control environment o D. Risk assessment
