Whataburger Franchise wants to improve its Debt to Equity ratio, so it decides to retire a $24 million bond issue. At the time of retirement, the market value of the bonds was $33 million and the carrying value of the bonds is $32 million. Which of the following would be included in the journal entry to record the retirement of the bonds? Multiple Choice O A debit of $1 million to a loss account. C) Acredit of $1 million to a gain account O No gain or loss on retirement O A credit to cash for $32 million Information from the financial statements of Texans Corp, reveals that stockholders' equity is $600,000, total liabilities are $600,000, and total assets are $1,200,000. Using this information, calculate the company's debt to equity ratio. Beatles Enterprises is in the process of preparing a Cash Slow Statement Beatles analyzed the financial statements and additional information. Based on the statements and the additional information which transaction below would notcreate a cash flow? Multiple Choice Beatles purchased some of its own stock from a stockholder o Beatles purchased a building by issuing a long term note. o Beatles paid a cash dividend o o U Beatles purchased equipment for cash Dresser Arts, which owns an art gallery, reported net income of $270,000. In addition, the following information was taken from its general ledger: beginning balances in Accounts Receivable and Accounts Payable were $58,000 and$52,000, respectively: ending balances in these accounts were $60,000 and $48,000, respectively. Dresser's net cashflows from operating activities would be: Multiple Choice O O $272.000 O O $276.000 Stan's Gym, which operates along with Weight Watchers, had the following financial information for the year as follows ($ in millions): Net income $28,400 Obtain loan from the bank 9.200 Depreciation expense 5,600 Purchase equipment 20,800 Increase in accounts receivable 7.900 Pay dividends 4,400 increase in salaries payable 3,400 Sale of land 27,000 If Stan's Gym wants to know what net cash inflows (outflows) from investing activities is, which of the answers below would you report? Multiple Choice O $25,000 O O O 0 $4,800 O During the year, Dancing Studios issued a mortgage note in exchange for a building. How would Dancing Studios report this on the statement of cash flows? Multiple Choice Financing activity Investing activity Operating activity Noncash financing and investing activity