shon 27 Which one is the correct statement for Bonds? en wind nts out of 200 Select one A. The cash interest paid is calculated as the bord tace value the effective rate of interest B. The cash interest paid is calculated as the band face value the face rate of interest. C. The difference between the cash interest paid and the interest expense is added to the carrying value of the bands if bonds were sold at a premium D. The difference between the interest expense and the interest paid is deducted from the carrying value of the bonds ir bonds were sold at a discount eston 28 Below are some financial data for Fred Industries current year. Net sales on account during year $800,000, Cost of merchandise sold during year $300,000, Accounts receivable beginning of year Select one: A 16 times B 8 times C 3 times 0.6 mes on 29 Which of the following statements is true? Select one A. The method of preparing the Operating Activities section of a statement of cash flows that adjusts net income to remove the effects of deferrals and social for revenues and expenses is the direct method B. The method of preparing the Operating Activities' section of a statement of cash fonts that reports major classes of grons cash receipts and canth payments for revenues and perses is the Indirect method C. The FASB prefers toe died method of preparing the Operating Activities section of the statement of cashows D. Most companies use the indired method of preparing the Operating Activities section of the statement of cash fons Qur30 Gray Company issued $500.000, seven-year bonds interest payable semiannually. The man ofterest was 0 PV actor for ( 14 periods shon 27 Which one is the correct statement for Bonds? en wind nts out of 200 Select one A. The cash interest paid is calculated as the bord tace value the effective rate of interest B. The cash interest paid is calculated as the band face value the face rate of interest. C. The difference between the cash interest paid and the interest expense is added to the carrying value of the bands if bonds were sold at a premium D. The difference between the interest expense and the interest paid is deducted from the carrying value of the bonds ir bonds were sold at a discount eston 28 Below are some financial data for Fred Industries current year. Net sales on account during year $800,000, Cost of merchandise sold during year $300,000, Accounts receivable beginning of year Select one: A 16 times B 8 times C 3 times 0.6 mes on 29 Which of the following statements is true? Select one A. The method of preparing the Operating Activities section of a statement of cash flows that adjusts net income to remove the effects of deferrals and social for revenues and expenses is the direct method B. The method of preparing the Operating Activities' section of a statement of cash fonts that reports major classes of grons cash receipts and canth payments for revenues and perses is the Indirect method C. The FASB prefers toe died method of preparing the Operating Activities section of the statement of cashows D. Most companies use the indired method of preparing the Operating Activities section of the statement of cash fons Qur30 Gray Company issued $500.000, seven-year bonds interest payable semiannually. The man ofterest was 0 PV actor for ( 14 periods
