Question: Please assist me in resolving the attached Homework Question, in what options are the correct answers in the attached Pictures ? ABC Company charges interest

Please assist me in resolving the attached Homework Question, in what options are the correct answers in the attached Pictures ?

Please assist me in resolving the attached Homework Question, in what optionsare the correct answers in the attached Pictures ? ABC Company chargesinterest on past due customer accounts. At the end of the period,which adjusting entry would be required to accrue interest earned, but not

ABC Company charges interest on past due customer accounts. At the end of the period, which adjusting entry would be required to accrue interest earned, but not yet received? Select one: ' 8. Increase Interest Payable and increase Interest Expense. ' b. Increase Interest Receivable and increase Interest Income, c. Decrease Interest Payable and increase Interest Income. ' d. Decrease Interest Receivable and increase Cash. Short-term creditors of a company would primarily be interested in the company's Select one: a. ROI and ROE. b. investing activities section of the statement of cash flows. c. owners' equity section of the balance sheet. d. current ratio and acidtest ratio. The measurement of profit based on the timing of the earnings process describes the Select one: ' a. cash basis of accounting. b. accrual basis of accounting. 0. periodicity concept. d. measurement principle. Campion Co. has assets totaling $370,000 and liabilities totaling $60,000 at 12131116. What is Campion Co.'s owners' equity as of the same date? Select one: ' a. $360,000 b. $430,000 C. $60,000 ' d. $310,000 Campion Co. has assets totaling $370,000 and liabilities totaling $60,000 at 12/31/16. What is Campion Co.'s owners' equity as of the same date? Select one: \"' a. $360,000 A b. $430,000 A (2. $60,000 " cl. $310,000 Alleyn contributes $20,000 and a building worth $100,000 to his business. Which of the following statements is NOT true? Select one: \" a. This transaction does not directly impact the income statement. A b. Cash is increased by $20,000. \"' c. The contributed capital account is increased by $120,000. A d. $120,000 is shown on the statement of cash flows as a financing cash inflow. Select one: " a. $1,300,000 A b. $850,000 r\" c. $3,000,000 '\" d. $070,000 Alleyn contributes $20,000 and a building worth $100,000 to his business. Which of the following statements is NOT true? Select one: A a. This transaction does not directly impact the income statement. A b. Cash is increased by $20,000. A c. The contributed capital account is increased by $120,000. A d. $120,000 is shown on the statement of cash flows as a financing cash inflow. 6- Select one: A a. $1,300,000 "' b. $850,000 A c. $3,000,000 \" d. $870,000 7- Thatcher Corp. has the data below available for the year just ended. What is Thatcher Corp.'s net cash from operating activities? Net income $100,000 Depreciation expense 35,000 Increase in accounts receivable 20,000 Increase in accounts payable 25,000 Select one: A a. $140,000 \" b. $130,000 0 c. $20,000 " d. $180,000 On its statement of cash flows, Goodwin Industries shows cash USED by investing activities of $300,000, cash PROVIDED by financing activities of $175,000, and a change in cash for the year of $425,000. How much cash was provided by operating activities? Select one: a. $400,000 _ 13. $650,000 0. $550,000 ' d. $700,000 10- Wolfe Co. has an acid-test ratio of 0.85, asset turnover of 1.25, current ratio of 2.2, profit margin of 6%, and ROE of 20%. What is Wolfe's ROI? Select one: a. 5.5% b. 18.7% ' c. 7.5% " (1.14% 11- Stout Corp. has working capital of $140,000 and current liabilities of $35,000. What is Stout's current ratio? Select one: 7' a. 2 b. 5 '7 c. 4 d.3 12- _

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