QUESTION 37 A bond issuing at 101.25 means that the bond 1. sold for $1,012.50. 2. sold for $101.25. 3. stated rate is lower than the market rate of interest. 4. sold at a discount. QUESTION 38 Earnings per share is an indication of how much 1. the company paid as dividends for each share of common stock held by stockholders. 2. the company earned for each share of outstanding common and preferred stock. 3. cash the company has for each share of outstanding common stock. 4. the company earned for each share of outstanding common stock. QUESTION 39 A graphics design company issued bonds in the amount of S1,000,000 with a stated interest rate of 8 %. If the interest is paid semiannually and the bonds are due in 10 years, what would be the total amount of interest paid over the life of the bonds? 1. $1,000,000 2. $400,000 3. $80,000 4. $800,000 QUESTION 40 The following items were reported by Morris Plumbing Company: Accounts receivable, December 31, 2020 $ 250,000 Accounts receivable, December 31, 2019 000st Sales for 2020 000 000' What amount would be reported in the operating activities section of the statement of cash flows for Collections from Customers under the direct method, assuming that all sales are on credit? 000'Sto'IS' 2. $975,000 3. $1,225,000 4. $1,250,000 QUESTION 37 A bond issuing at 101.25 means that the bond 1. sold for $1,012.50. 2. sold for $101.25. 3. stated rate is lower than the market rate of interest. 4. sold at a discount. QUESTION 38 Earnings per share is an indication of how much 1. the company paid as dividends for each share of common stock held by stockholders. 2. the company earned for each share of outstanding common and preferred stock. 3. cash the company has for each share of outstanding common stock. 4. the company earned for each share of outstanding common stock. QUESTION 39 A graphics design company issued bonds in the amount of S1,000,000 with a stated interest rate of 8 %. If the interest is paid semiannually and the bonds are due in 10 years, what would be the total amount of interest paid over the life of the bonds? 1. $1,000,000 2. $400,000 3. $80,000 4. $800,000 QUESTION 40 The following items were reported by Morris Plumbing Company: Accounts receivable, December 31, 2020 $ 250,000 Accounts receivable, December 31, 2019 000st Sales for 2020 000 000' What amount would be reported in the operating activities section of the statement of cash flows for Collections from Customers under the direct method, assuming that all sales are on credit? 000'Sto'IS' 2. $975,000 3. $1,225,000 4. $1,250,000