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Intermediate accounting 51) What is interest? a) Return on capital. b)...

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Accounting

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51) What is interest? a) Return on capital. b) Payment for the use of money c) An equity investment d) Loan. 52) Norling Corporation reports the following information Net income Dividends on common stock Dividends on preferred stock Weighted average common shares outstanding 5750,000 210,000 90,000 200,000 Norling should report earnings per share of a) $2.70 b) $3.30 c) $3.75 d) $2.25. tatement of Dolan Corporation for 2012 included the following items Interest revenue salaries expense Insurance expense $131,000 170,000 15,200 ng balances have been excerpted from Dolan Corporation's balance sheets: December 31, 2012 December 31, 2011 Accrued interest receivable Accrued salaries payable $18,200 17.800 2,200 S15,000 8,400 3,000 Prepaid insurance The cash received for interest during 2012 was ) 127,800. 131,000 134,200 112,800

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