Questions 36, 37, 40, & 41

Question Completion Status: QUESTION 36 Pizzicletta Pizza Shop purchased a stone pizza oven on January 1, 2018 The oven cost $50,000 and has an estimated salvage value of $10,000. Using the straight-line method of depreciation, annual depreciation expense is computed as $8,000. What is the balance in the Accumulated Depreciation account at the end of 2020 (end of year 3)? O A $26,000 OB.$8,000 O C. 524.000 O 0.516,000 QUESTION 37 Which of the following is a correct effect on the accounts of a company when it borrows money from a bank? O A Increase in notes receivable B. Decrease in accounts payable C. Decrease in cash Increase in notes payable Click Save and Submit to send it. Crick Stewa r t te Type here to search QUESTION 40 The Walt Disney Company (Disney) is a diversified worldwide entertainment company with operations in the following business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. As of September 29, 2018, Disney had reported the following for its stock . Common stock, 30.01 par value. Authorized - 4.6 billion shares, issued - 2.9 billion shares Treasury stock, at cost. 1.4 billion shares How many shares of common stock are outstanding at the end of Disney's 2018 fiscal year? O A. 1.5 billion B.2.9 billion. OC.4.6 billion. OD.3.2 billion QUESTION 41 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Type here to search Remaining Time: 1 hour, 07 minutes, 29 seconds. Question Completion Status: OD.3.2 billion. QUESTION 41 Mountaintop Sports Inc. issued $200,000 of 10 year, 6% bonds with interest payable semiannually on June 30 and December 31 each year. The bonds were sold at 100. Assuming Mountaintop Sports has a December 31 fiscal year end, what amount should be recorded as interest expense in the journal entry made each six months? O A $3,000 O B. $12,000 OC. $120.000 OD.$6,000 QUESTION 42 On August 1, 2018, a company issued $400,000 of 6%. 20-year bonds at 100. Interest is payable annually on August 1. The company has a fiscal year end of December 31 and recorded the appropriate adjusting entry to accrue interest on the bonds. The journal entry to record the annual interest payment on August 1, 2019 would include a Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al Answers C Type here to search