help with numbers 7-12 please

7) Working capital is A) Current assets divided by current liabilities. B) Current assets minus current liabilities. C) Cash, short-term investments, and accounts receivable divided by current liabilities. D) Cash, short-term investments, and accounts receivable minus current liabilities. 8) If management can estimate the amount of loss that will occur due to litigation against the company, and the likelihood of the loss is reasonably possible, a contingent liability should be A) Disclosed, but not reported as a liability. B) Disclosed and reported as a liability. C) Neither disclosed nor reported as a liability. D) Reported as a liability, but not disclosed. 9) A bond is a formal debt instrument that obligates the borrower to repay a stated amount at the maturity date. This stated amount is referred to as the: A) Note. B) Interest. C) Lease D) Principal or face amount 10) For a ten-year installment note, the portion of the periodic installment payment that represents interest in the third year is: A) The same as in the fourth year. B) The same as in the first year. C) Less than in the fourth year. D) More than in the fourth year. 11) A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is: A) Equal to $500,000. B) More than $500,000. C) Less than $500,000. D) The answer cannot be determined from the information provided. 12) A bond issue with a face amount of $500,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is: A) Equal to $500,000. B) More than $500,000. C) Less than $500,000. D) The answer cannot be determined from the information provided