QUESTION 25 Occasionally, companies engage in important investing and financing activities which do not affect cash. If the amount of the transaction is significant, how should it be disclosed when financial statements are prepared? 1. In investing activities. 2. In a note to the financial statements or in a supplemental schedule. 3. In both investing and financing activities. 4. In a separate section in the cash flow statement with a corresponding nero balance QUESTION 26 When determining the amount of interest to be paid on a bond, which of the following information is necessary? 1. the value of the bonds in one year 2. the effective rate of interest on the bonds 3. the stated rate of interest on the bonds 4. the selling price of the bonds QUESTION 27 The current portion of long-term debt would appear on the balance sheet as 1. long-term liability 2. long-term debt. 3. current liability 4.current asset. QUESTION 28 On January 1, 2019, a company issued 10,000 shares of 10%, SIO par value cumulative preferred stock. No dividends were declared in 2019 or 2020. In 2021, the company declared a dividend of $200,000. How much of the 2021 dividend should be paid to common stockholders? 1. $200,000 2. $170,000 3. $197,000 4. S190,000