A $1,000 face value bond with a quoted price of 96 is selling for

Which of the following are NOT considered for the calculation of periodic depreciation of fixed assets?

A company’s income statement showed the following: net income, $120,000 and depreciation expense, $20,000. The company’s current assets and current liabilities showed the following changes: accounts receivable decreased $9,000; merchandise inventory increased $12,000; and accounts payable increased $2,400. What is the net cash provided or used by operating activities?

The management of Rama Company reported net income of $895,000. It had net cash provided by operating activities of $785,000, paid cash dividends of $65,000, and had capital expenditures of $220,000. What is the company’s free cash flow?

Equipment cost $90,000 and has accumulated depreciation of $70,000 is sold for $12,000. The journal entry would include a

At the end of the current year, using the aging of accounts receivable method, management estimated that $25,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $1,375. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

Each of the following items affect the cash balance per books except

An aging of KEB company’s accounts receivable indicates that $3,000 are estimated to be uncollectible. The Allowance for Doubtful Accounts has a $800 debit balance before adjustment. What is the adjusting entry?

EmVP Inc. reported net sales of $500,000, cost of goods sold of $250,000, and accounts receivable of $40,000 and $80,000 at the beginning and end of the year, respectively. What is the average collection period?

CTB Company’s bank statement shows an ending balance of $54,000, outstanding checks total $15,000, a deposit of $6,000 was in transit, and a check for $900 was erroneously charged by the bank against the account, the adjusted cash balance per bank is