Hi John, Can you help me with these 6 multiple choice accounting questions? Covering deferred taxes, equity, and investments

1. For its first year of operations Beaner Corporation's reconciliation of pretax accounting income to taxable income is as follows: Beamer's tax rate is 40%. What should Bearner report as its income tax expense for its first year of operations? . A. $120,000. . B. $114,000. . C. $106,000. . D. $8,000. 2. For its first year of operations Beamer Corporation's reconciliation of pretax accounting income to taxable income is as follows: Beamer's tax rate is 40%. What should Beamer report as its deferred income tax liability as of the end of its first year of operations? .A. $35,000. .B. $20,000. C. $14,000. .D. $8,000. 3. The common stock account in a company's balance sheet is measured as: A. The number of common shares outstanding multiplied by the stock's par value per share. B. The number of common shares outstanding multiplied by the stock's current market value per share. C. The number of common shares issued multiplied by the stock's par value per share. D. None of the above is correct. 4. Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Roberto had the following transactions relating to shareholders' equity: Issued 10,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8). What is total shareholders' equity at the end of 2011? A. $270,000. B. $300,000. C. $250,000. D. $200,000. 5. When an impairment of an equity investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is: .A. Recorded as a deferred credit. B. Included in income. C, Recorded as deferred asset. D. Treated as unrealized. 6. On January 1, 2011, Green Corporation purchased 20% of the outstanding voting common stock of Gold Company for $300,000. The book value of the acquired shares was $275,000. The excess of cost over book value is attributable to an intangible asset on Gold's books that was undervalued and had a remaining useful life of five years. For the year ended December 31, 2011, Gold reported net income of $125,000 and paid cash dividends of $25,000. What is the carrying value of Green's investment in Gold at December 31, 2011? A. $295,000. B. $300,000. C. $315,000. D. $320,000