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Question 9 Which of the following information should be included in Bucks Inc.'s 2019 summary of significant accounting Not yet policies? answered Points out of
Question 9 Which of the following information should be included in Bucks Inc.'s 2019 summary of significant accounting Not yet policies? answered Points out of Select one: 4.00 O a. Length of operating cycle is on average 75 days. Flag question O b. Property, plant, and equipment is recorded at cost with depreciation computed principally by the straight- line method. O c. Business segment 2019 sales are Electronics $1M, Hotel $2M, and Entertainment $3M. O d. During 2019, the Broadcasting Segment was sold. Question 10 Which of the following would be reported in a separate income statement category, separately from continuing Not yet operations, on the income statement? answered Points out of Select one: 4.00 a. Discontinued operations Flag question O b. Unusual losses O c. Income tax expense O d. Unusual gains Question 11 On September 1, 2020, Celtics issued a note payable to TD Bank in the amount of $1,600,000, bearing interest at Not yet 9%, and payable in three equal annual principal payments of $410,000. On this date, the TD Bank's prime rate answered was 8%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Points out of Celtics should record accrued interest payable of 4.00 Flag Select one: question O a. $35,700 O b. $32,800 O c. $36,900 O d. $31,600
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