QUESTION 37 Which of the following items is not classified as a current asset? a. Accounts Receivable. b. Merchandise Inventory. O c. Prepaid Rent. d. Office Equipment. QUESTION 38 QUESTION 33 Raymond Company borrowed $8,000 on April 1, 2019 from the Meramec Bank. The note issued by Raymond carried a one year term and a 7% annual interest rate. Assume no other transactions. The amount of interest expense on the 2019 income statement would be: a. $560. b. $420. C. $290. d. $140. QUESTION 31 Which of the following measurements would not be affected by the choice of depreciation methods? a. Return on equity ratio b. Debt to assets ratio c. Total cash flow from investing activities d. Total assets QUESTION 32 Taylor Co. borrowed $10,000 from Link Co. on March 1, 2019. Taylor is to repay the principal and interest on what will be the effects of the accrual on Taylor's 2019 financial statements