FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The question that says “a $4000, 6% bond is sold at 93. When the bond is issued, the cash account will be increased by:
A $4000, 6% bond is sold at 93. When the bond is issued, the Cash account will be increased by:
Select one:
A. $4000.
B. $4280.
C. $3720.
D. $3960.
If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answe
nearest day.)
Select one:
A. 14 days
B. 54 days
C. 51 days
D. 64 days
On December 31st, Datton, Inc. has cost of goods sold of $550,000, ending inventory is $108,000, I
inventory is $123,000; and average accounts payable is $103,000. What is the accounts payable tur
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Transcribed Image Text:A $4000, 6% bond is sold at 93. When the bond is issued, the Cash account will be increased by: Select one: A. $4000. B. $4280. C. $3720. D. $3960. If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answe nearest day.) Select one: A. 14 days B. 54 days C. 51 days D. 64 days On December 31st, Datton, Inc. has cost of goods sold of $550,000, ending inventory is $108,000, I inventory is $123,000; and average accounts payable is $103,000. What is the accounts payable tur
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