QUESTION 34 The financial ratio that approximates how long, on average: it takes the company to collect any one outstanding receivable is called the ratio. F\\ L.) Inventory turnover C) Days sales in inventory f\\ L.) Receivables turnover F\\ L.) Days sales in receivables QUESTION 33 The journal entry to record the signing of a $200,000, 5%, thirty-year mortgage in order to acquire a new building will include a O Debit to cash O Debit to buildings O Credit to buildings O Credit to interest expenseQUESTION 31 The minimum amount that future shares of stock can be issued for is referred to as O A dividend O Stock split O Par value O Payment in arrearsQUESTION 30 Which of the following accounts would be considered an adjunct account\"? C) Premium on bonds payable C) Discount on bonds payable 'F". k. Bonds payable 'F". L/ Mortgages payable QUESTION 29 Welland Inc. is a manufacturer of musical instruments. During the period, Welland received dividend revenue from DeLeo Brothers, Inc. Which of the following measures of profitability would be affected by this receipt of dividends on Welland's multistep income statement? F\\ L.) Gross prot f\\ L.) Operating income C) Net income "\\ L.) Dividends received do not affect the receiving company's reported income. QUESTION 28 Utica Greens is a highly regarded golf course. On January 1st, 20XX, Utica Greens purchased 1,000,000 shares of Marcy Manufacturing, Inc.'s common stock at a market price of $0.25 per share. The debit in the journal entry to record Utica Green's stock purchase would be to O Equity Investments O Common Stock O PIC-Common O CashQUESTION 27 Funds borrowed from a lending institution or other company are recorded as payable while funds obtained from the public by selling debt on the open market are recorded as payable. C) Mortgages; bonds f\\ L.) Bonds; notes f\\ L.) Notes; bonds f\\ L.) Notes; mortgages