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Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in...
Crane Company purchases land for $200000 cash. Crane assumes $5900 in property taxes due on the...
Crane Company purchases land for $200000 cash. Crane assumes $5900 in property taxes due on the land. The title and attorney fees totaled $2300. Crane has the land graded for $4000. They paid $20000 for paving of a parking lot. What amount does Crane record as the cost for the land? O $206300. $212200 $232200. O $200000. Click if you would like to Show Work for this question: Open Show Work
nment Multiple Choice Question 60 Crane Company acquires land for $72000 cash. Additional costs are as...
nment Multiple Choice Question 60 Crane Company acquires land for $72000 cash. Additional costs are as follows. Removal of shed $700 1700 110 Filling and grading Salvage value of lumber of shed Broker commission Paving of parking lot Closing costs 1060 8000 640 Crane will record the acquisition cost of the la $72000. $76210. O $73700. $75990 LINK TO TEXT
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities...
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt $300000 140000 110000 64000 119000 35000 Cullumber's cash debt coverage is O 2.73. 2.14. 2.52. 1.20. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 94 Oriole Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term...
Multiple Choice Question 57 Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative preferred...
Multiple Choice Question 57
Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative
preferred stock and 72800 shares of $1 par value common stock
outstanding at December 31, 2020. There were no dividends declared
in 2019. The board of directors declares and pays a $120600
dividend in 2020. What is the amount of dividends received by the
common stockholders in 2020?
$9100
$27300
$93300
$0
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Question 13 Cullumber Corporation has two products in its ending inventory, each accounted for at the...
Question 13 Cullumber Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product Specific data with respect to each product follows: Product #1 Product #2 Historical cost $29 $57 Replacement cost 15 31 Estimated cost to dispose 26 28 Estimated selling price 58 89 In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the...
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a...
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Cumber's portfolio of debt investments held as available for sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/18 $105000 $97000 78000 79000 81000 142000 $317000 $265000 What amount of unrealized loss on these debt securities should be included...
Multiple Choice Question 114 Alex, Bob, and Ciera are partners, sharing income 2:1:2. After selling all...
Multiple Choice Question 114
Alex, Bob, and Ciera are partners, sharing income 2:1:2. After
selling all of the assets for cash, dividing gains and losses on
realization, and paying liabilities, the balances in the capital
accounts are as follows: Alex, $10100 Cr; Bob, $10100 Cr; and
Ciera, $30000 Cr. How much cash should be distributed to
Alex?
$16867
$20200
$6100
$10100
Click if you would like to
Show Work for this question:
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Question Attempts: 0 of 1...
Crane Company purchases land for $200000 cash. Crane assumes $5900 in property taxes due on the land. The title and attorney fees totaled $2300. Crane has the land graded for $4000. They paid $20000 for paving of a parking lot. What amount does Crane record as the cost for the land? O $206300. $212200 $232200. O $200000. Click if you would like to Show Work for this question: Open Show Work
nment Multiple Choice Question 60 Crane Company acquires land for $72000 cash. Additional costs are as follows. Removal of shed $700 1700 110 Filling and grading Salvage value of lumber of shed Broker commission Paving of parking lot Closing costs 1060 8000 640 Crane will record the acquisition cost of the la $72000. $76210. O $73700. $75990 LINK TO TEXT
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt $300000 140000 110000 64000 119000 35000 Cullumber's cash debt coverage is O 2.73. 2.14. 2.52. 1.20. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 94 Oriole Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term...
Multiple Choice Question 57
Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative
preferred stock and 72800 shares of $1 par value common stock
outstanding at December 31, 2020. There were no dividends declared
in 2019. The board of directors declares and pays a $120600
dividend in 2020. What is the amount of dividends received by the
common stockholders in 2020?
$9100
$27300
$93300
$0
Click if you would like to
Show Work for this question:
Open Show...
Question 13 Cullumber Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product Specific data with respect to each product follows: Product #1 Product #2 Historical cost $29 $57 Replacement cost 15 31 Estimated cost to dispose 26 28 Estimated selling price 58 89 In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the...
Multiple Choice Question 89 On its December 31, 2017 balance sheet, Cullumber Company appropriately reported a $10,000 debit balance in its Fair Value Adjustment account. There was no change during 2018 in the composition of Cumber's portfolio of debt investments held as available for sale debt securities. The following information pertains to that portfolio: Security Cost Fair value at 12/31/18 $105000 $97000 78000 79000 81000 142000 $317000 $265000 What amount of unrealized loss on these debt securities should be included...
Multiple Choice Question 114
Alex, Bob, and Ciera are partners, sharing income 2:1:2. After
selling all of the assets for cash, dividing gains and losses on
realization, and paying liabilities, the balances in the capital
accounts are as follows: Alex, $10100 Cr; Bob, $10100 Cr; and
Ciera, $30000 Cr. How much cash should be distributed to
Alex?
$16867
$20200
$6100
$10100
Click if you would like to
Show Work for this question:
Open Show Work
Question Attempts: 0 of 1...
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