1) Use the information below to answer the following question: Common stock, $1 par, 100,000 shares authorized, ____________ shares issued $ 40,000 Additional paidin capital 160,000 Retained earnings 100,000 Treasury stock (1,000 shares at cost) (6,000) Total shareholders' equity $294,000 How many shares of common stock are outstanding?

2) Beau Brentley earned$60,000 from his job at Bridgestone Tires. He had15% of his gross pay withheld for federal incometaxes, 6.2% withheld for FICA Social Securitytaxes, and1.45% withheld for Medicare taxes. What wasBeau's netpay?

3)

To prepare the statement of cash flows using the indirect method________ net income.

A.

cash paid for dividends is added to

B.

a purchase of a machine is subtracted from

C.

a decrease in inventory is subtracted from

D.

a decrease in accounts payable is subtracted from

4) In December2011, Homer Simpson worked for Springfield Power and earned$5,000. Federal income tax withholding is15%. The FICA rate is6.2% and the Medicare tax is1.45%. How much cash will Springfield Power pay the government for FICA because ofHomer's Decemberearnings?

5)

When a bond sells for102, the bond is selling at________.

A.

a premium

B.

face value

C.

a discount

D.

par