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Will rate on multiple accounts if all 3 are answered Question 78) The times interest earned ratio is calculated by dividing a. net income plus

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Question 78) The times interest earned ratio is calculated by dividing a. net income plus interest expense plus income tax expense by interest expense. b. net income plus income tax expense by interest expense. Oc.net income plus interest expense by interest expense. d. net income by interest expense. e. net income by interest income Question 66) Angel Eyes Corporation operates on a calendar year basis (this means that the company has a December 31 year-end). The company is in its first year of operations and received its annual property tax bill on March 31 for $21,000. The bill is due April 30. The relevant entry was made on March 31. The April 30 entry to record property tax would include a. a debit to prepaid property tax for $15,750. c. a credit to cash for $21,000 e. a debit to property tax expense for $3,500. b. a credit to cash for $15,750. O d. a debit to property tax payable for $21,000 Question 68) One example of a liability that is not a financial liability is b. unearned revenue. e. bank loan payable. a. notes payable. Od. financial lease. O c. bonds payable

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