31. Based on the above data, what is the amount of quick assets? a. $195,000 b. $163,000 c. $56,000 d. $121,000 32. A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the par value of the stock after the split will be: a. $5 b. $25 c. $60 d. $24 33. If total assets decreased by $88,000 during a period of time and stockholders' equity increased by $65,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is a. $153,000 increase b. $153,000 decrease c. $23,000 increase d. $88,000 decrease 34. An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts tot $4,000. If Allowance for Doubtful Accounts has a $1.200 debit balance, the adjustment to record the l debt expense for the period will require a debit to Bad Debt expense for $2,800 a. b. credit to Allowance for Doubtful Accounts for $5,000. debit to Bad Debt Expense for $4,000. c. d. debit to Bad Debt Expense for $5,200. 5. Using this data, answer the following questions; Sales, $905,000; cost of merchandise sold, $540,000; administrative expenses, $10,000, interest expense $20,000; rent revenue, $25,000; selling expenses, $90,000. How much is operating income? a. 270,000 b. 365,000 c. 235,000 d. 265,000 36. Which of the following groups of accounts have a normal debit balance? a. revenues, liabilities b. assets, liabilities c. liabilities, expenses d assets, expenses