Question

U Question 2 0.2 pts What is the like reason for long-term assets' values to be understated by the balance sheet? Balance sheet shows and at purchase price O Balance sheet shows and at market price Balance sheet shows appraisal value Balance sheet shows market price per share D Question 3 0.2 pts If the accumulated depreciation recorded on the balance sheet for 2018 and 2019 is $150 and $200 respectively. What is the depreciation on the income statement for 2019? O 50 200 100 O 150 D Question 4 0.2 pts of the retained earning at the end of 2018 is $100. In 2019, the company has a net income of $50 and a dividend payout of $30. What is the retained earning at the end of 2019? 100 O 150 O 20 120 U Question 5 0.2 pts If a company's long term debt increases by $100. What happens to its cash? O no change O decrease $100 Increase $100 1416

Answer 1

3 =$ 150 Accumulated deprecictim fco 2018 + Depreciation Expense for 2014 z $ & so $ $ دی 2 a Accumulated depreciation feo 2015 = Thurgor Correct answer is $50. per abune calculation all other options inconec.

loo N Beginning Retained earning + Net Income Dividend paid z 50 z (30) Ending Retained earning earning 2 & 120 Answer is (d) $ 120 as per calculation answer is $120, therefore Other options are wring

0.5 a result स a company's long term debt increases by $ 100 Cash will increase by of this $ 100. Χχχ xxy Because entry will be: Cash to Long term Debt Therefore, correct answer option (C) And all other options incorrect. is