Question 42 When a company purchases treasury stock, which of the following statements is true? Not yet answered Maked out of 200 Pag question Select one A Treasury stock is considered to be an asset because cash is paid for the stock B. The cost of the treasury stock reduces stockholders' equity C. Dividends continue to be paid on the treasury stock because it is still issued D. Since treasury stock is held by the original issuer, it is no longer considered to be issued Question 43 Gray Company issued $500,000,8%, seven-year bonds, interest payable semiannually. The market rate of interest was 6% PV factor for (14 periods, 3%) is 0.661 PV Annuity factor for 14 periods. 3%) is 11296. The issuance price of the bonds is Not yet answered Marked out of 200 P Flag question Select one A $556 420 B. 5500 000 C. $555,780 D. $575,740 Question 44 Premium on Bonds Payable is a balance sheet item for Missouri Corp. How would it most kely be classined on the balance Sheet2 Not yet answered Marked out of 2.00 P Flag question Select one A An increase to a long-term liability B Revenue c. Long-term asset D. Contra Wability Principles of Accounting | 10003 Question 41 Please identify the best ratio to determine the degree to which a company relies on outsiders for funds? Not yet answered Marked out of 200 Select one: A Debt-to-equity ratio P Flag question B. Times interest eamed ratio 0 C Debt service coverage ratio D. Cash flow from operations to capital expenditures ratio Question 42 When a company purchases treasury stock, which of the following statements is true? Not yet answered Marked out of 2.00 Flag question Select one A Treasury stock is considered to be an asset because cash is paid for the stock B. The cost of the treasury stock reduces stockholders' equity C Dividends continue to be paid on the treasury stock because it is still issued D. Since treasury stock is held by the onginal issuer, it is no longer considered to be issued D98.36 Question 38 Please identify the correct ratio for a total dollar measure of liquidity? Not yet answered Marked out of 200 Select one A Accounts receivable turnover ratio Pag question C 3. Cash-to-cash operating cycle Nurriber of days' sales in inventory D. Working capital e Question 39 If Miller Inc has working capital of $600.000 and a current ratio of 3 to the amount of current assets is Not yet awnind Marked out of 2.00 Flag question Select one A $1,800,000 B. $200,000 C. $600,000 D. $400.000 Question 40 Benjamin Corp issued a $20,000 ten-year bond at the face rate of 6% paid semiannually. How much cash will the bond Investors receive at the end of the first interest period? Not yet answered Marked out of 200 Flag question Select one A $2.000 0 51200 C. $1,000 D. 5600