ACC557 FInal Exam Part 1 and 2

ACC557 FInal Exam Part 1 and 2 Question 1 A major disadvantage resulting from the use of bonds is that Question 2 Oakley Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $42,800. If the sales tax rate is 7%, what amount must be remitted to the state for February's sales taxes? Question 3 Hardy Company has current assets of $95,000, current liabilities of $100,000, long-term assets of $180,000 and lon...

ACC557 FInal Exam Part 1 and 2 Question 1 3 out of 3 points Farmer Company reports the following amounts for 2015: Net income $135,000 Average stockholders’ equity 500,000 Preferred dividends 15,000 Par value preferred stock 100,000 The 2...

ACC557 FInal Exam Part 1 and 2 Question 1 • The times interest earned is computed by dividing • Question 2 The market price of a bond is the • Question 3 Advances from customers are classified as a(n) • Question 4 Reliable Insurance Company collected a premium of $36,000 for a 1-year insurance policy on May 1. What amount should Reliable report as a current liability for Unearned Insurance Revene at December 31? • Question 5 On th...