What the common stockholders received

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Question 1: Predications about a company's future earnings can best be inferred from the income statement's

A. continuing operations section

B. earnings per share data.

C. Other income (expense) section

D. discontinued operations section

Question 2: Cherry corporation's outstanding stock is 100shares of $100 par, 11% cumulative preferred stock, and 2,000 shares of $12par common stock, cherry paid $1600 in cash dividends during the year, No dividends are in arrears. common stockholders received

A. $500

B. $1,100

C. $2,500

D. $0

Question 3: The 2017 and 2018 balance sheets for New port industrial showed cash of $8000 and $9,500, respectively. Accounts receivable of $14,000 and $16,000, respectively, inventory of $11,000 and $8,000, respectively and accounts payable of $5,000 and $7,000, respectively. Its 2018 income statement showed Net sales of $108,000, cost of goods sold $62,000, and Net income of $27,000. The cash conversion cycle for 2018 (round calculations to two decimal places) is___________ days

A. 30.08

B. 141.94

C. 40.56

D. 71.30

Question 4: Galaxy Donuts has a cash conversion cycle of _______ days, which is a very healthy turn over rate.

A. 60

B. 120

C. 90

D. 30

Question 4: Which would be subtracted from net income in the operating section of an indirect cash flow statement?

A. An increase in interest payable

B. A decrease in prepaid insurance

C. A decrease in bonds payable

D. An increase in inventory

Reference no: EM132492475

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