Question 35 1 pts Which of the following would most likely be classified as a current liability? bond payable unearned rent mortgage payable two-year note payable Question 36 1 pts Luke and John share income and losses in a 2:1 ratio after allowing for salaries of $48,000 to Luke and $60,000 to John. Net income for the partnership is $93,000. Income should be divided as Luke, $65,000; John, $28,000 Luke, $46,500; John, $46,500 Luke, $55,000; John, $38,000 Luke, $38,000; John, $55,000 Question 37 1 pts If the market rate of interest is greater than the contractual rate of interest, bonds will sell only after the stated rate of interest is increased at a discount at a premium at face value Question 38 1 pts Which of the following would appear as an unusual item on the income statement? gain resulting from the disposal of a segment of the business stock split presentation of earnings per share loss resulting from the sale of fixed assets Question 39 1 pts The tendency of the return on stockholders' equity to vary disproportionately from the return on total assets is because of yield leverage quick assets solvency