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Question 30 4 pts Bonds (5 minutes - 4 marks) Assume that on January 1, 2020, The Apple of My Eye issued $1,014,898 face value,

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Question 30 4 pts Bonds (5 minutes - 4 marks) Assume that on January 1, 2020, The Apple of My Eye issued $1,014,898 face value, 5-year bonds with a stated/coupon rate of 6% at an effective interest/market rate of 3% for $1,059,349. Interest is paid semi-annually on July 1 and December 31. The Apple of My Eye uses the effective interest rate method of amortization. On July 1, the Apple of My Eye would record a debit/credit to interest expense of $ ____. Record a debit as positive and a credit as negative (i.e. -10,000). Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Please use # of months to calculate interest (as your time factor), as opposed to # of days. Question 31 4 pts Cash Flow Statement (7 minutes - 4 marks) As the accountant for Taters Gonna Tate, you are responsible for preparing the cash flow statement for the year ended December 31, 2020. You will be using the indirect method and have gathered together the following data from the accounting records: As the accountant for Taters Gonna Tate, you are responsible for preparing the cash flow statement for the year ended December 31, 2017. You have decided to prepare the statement using the indirect method and have gathered together the following data from the accounting records: Principal payments on non-current debt $45,699 Acquisition of equipment by issuing a non-current note payable $70,075 Depreciation expense $72,448 Proceeds from sale of investments, not including a $4,637 accounting gain $48,460 Increase in accounts receivable $7,162 Decrease in unearned revenues $31,048 Payment of cash dividends $45,130 Net income $146.215 Cash sales $215,841 Calculate the net cash flows from operating activities. Record a net cash inflow as positive and a net cash outflow as negative (i.e. -10,000). Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Question 33 pt Investments (7 minutes - 4 marks) On January 1, 2020. A Big Dill purchased 40% of the outstanding stock of Feeling Picklish for $758,556. Net income reported by Feeling Picklish for 2020 and 2021 was, respectively. $ 96,469 and $128.793. Dividends paid by Feeling Picklish during 2020 and 2021 were, respectively. $60.601 and $79,975. Assume on December 31, 2021. A Big Dill sells 50% of its investment in Feeling Picklish for $527,263. A Big Dill will report a gain/loss on sale of $ Report again as a positive number and a loss as a negative number (.e. -10,000). Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Question 34 3 pts Financial Statement Analysis (4 minutes - 3 marks) Dont Go Bacon My Heart had net credit sales of $3.975.907 and cost of goods sold of $2.983,228 for their 2021 hscal year. The Accounts Receivable balance at the end of 2020 was $600.251 and $692, 876 at the end of 2021. What is the average Collection period/days' sales in receivables? Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Do not round intermediary answers. Question 32 4 pts Cash Flow Statement (8 minutes - 4 marks) Making Ends Meat is a butcher with capital assets. The capital assets have a net book value/carrying amount of $218,525 at the beginning of the year and $355,487 at year-end. Making Ends Meat acquired $205,085 of capital assets during the year. Making Ends Meat's income statement shows depreciation expense of $17,826 and a $8,417 loss on the sale of property, plant, and equipment. Calculate the proceeds received on the sale of property, plant, and equipment during the year. Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final

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