Question: Question 13 2 points Save Answer Gold Company buys a 25% interest in Perfect Pillow Inc. for $125,000 on January 1, 2012. During 2012 Perfect


Question 13 2 points Save Answer Gold Company buys a 25% interest in Perfect Pillow Inc. for $125,000 on January 1, 2012. During 2012 Perfect Pillow Inc, carns $65,000 and pays a dividend of 20,000. What is the balance in the account "Investment in Perfect Pillow Inc." at the end of 2012? A5185,000 OR 5125,000 c5146,250 OD 5136,250 Question 14 A company borrows $75,000 from a bank on September 1, 2015. The note is due August 31, 2016. The interest rate is 7.5%. How much is interest expense for 2016? A $5,625 OR $3,750 O c. 54,219 OD 51,875 Moving to another question will save the uestion 15 2 points Save Answer At the end of the year, Vera Inc. has cash of $35,000, current accounts receivable of $55,000, merchandise inventory of $60,000, and prepaid expenses totaling $6,000. Liabilities of $60,000 must be paid next year and other liabilities of $50,000 over the course of 15 years. What is the acid-test (or quick) ratio? O 0.81 Oa 1.42 2.60 OD 1.50
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