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Question 74 2 pts Which of the following transactions and events will result in an increase in liabilities and a decrease in retained earnings? Collecting
Question 74 2 pts Which of the following transactions and events will result in an increase in liabilities and a decrease in retained earnings? Collecting cash from a customer for services to be provided in the future. Adjustment of the unearned revenue account for revenue earned during the period. The accrual of revenue earned at year-end. The accrual of wages expense at year-end. Question 75 2 pts On January 1, 2019, Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. If the market interest rate is 11%, which of the following is the closest to the issuance price of the bond? $4,435,000. $4,705,500. $5,000,000 $4,427,500. Question 69 2 pts Which of the following would be subtracted from net income when determining cash flows from operating activities under the indirect method? Depreciation expense. A decrease in prepaid insurance. 0 0 A gain on the sale of a long-lived asset. An increase in accounts payable. Question 70 2 pts Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? Purchasing shares of stock of another company using cash. Paying cash to stockholders for dividends. The cash payment of interest expense. Acquiring land by signing a note payable
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