A B D E F G . - J K L 13 Name one method of depreciation that is considered accelerated. 0 26 27 Which of the following is an income taxable entity? A. Proprietorship b. Partnership c. Corporation d. All of these are income taxable entities 28 14 0 29 Remington Corporation issued 12,000 shares of its $1.00 par common stock on January 1 for $6.00 per share. On July 7, the company declared a 10% stock dividend when the market value of the shares was $7.00. How many shares were outstanding after the dividend? 15 0 30 31 On the cash flow statement, a gain will be added or subtracted?). income and a loss will be added or subtracted?) operations section of the statement. from net from net income in the 6 0 0 32 33 Barney invests $1,000 today. What is the future value of this investment at the end of 5 years, if the money is invested at 8%? 17 0 34 35 Robert borrows $5,000 for 3 years with annual payments. If Robert borrows the money at 10%, what will Bob's annual payment be? 18 0 36 37 On a cash flow statement, an increase in Accounts Receivable will be shown in which section, and will it be added or subtracted? 19 0 0 38 39 Clark Company had net income of $42,000, depreciation expense of $3,000, increase in Accounts Receivable of $10,000 and increase in Accounts Payable of $5,000. What is the cash flow from operations? 40 20 0 41 Johnson Corporation issued bonds at a discount because the interest rate offered on the bond was less than the market rate. This discount represents: a. extra income for Johnson b. extra future interest 21 expense for Johnson c. less future interest expense for Johnson d. none of these 42 0