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Wiggins Company has 2,400 shares of $100 par preferred stock, which were issued at par. It also has 21,000 shares of common stock outstanding, and its total stockholders' equity equals $605,400. The book value per common share is: Multiple Choice $17.40. $25.87. $15.62. $28.83. $100.00. A company borrowed $40,100 cash from the bank and signed a 6-year note at 10% annual interest. The present value of an annuity factor for 6 years at 10% is 4.3553. The present value of a single sum factor for 6 years at 10% is.5645. The annual annuity payments equal: Multiple Choice $71,036.32. . $40,100.00. $22,636.45. $174,647.53. $9,20717. 4920727. A company had average total assets of $950,000. Its gross sales were $1,106,000 and its net sales were $945,000. The company's total asset turnover equals: Multiple Choice Mohr Company purchases a machine at the beginning of the year at a cost of $31,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice O $20,200. O $27,000 O $5,400. O $16,200. $16,200. O $10,800. Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee contributes $306,000. Their partnership agreement calls for a 6% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $208,800 for its first year, what amount of income is credited to North's capital account? Multiple Choice $66,200. $56,000. $74,360. $69,600. $68,240. Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee contributes $306,000. Their partnership agreement calls for a 6% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $208,800 for its first year, what amount of income is credited to North's capital account? Multiple Choice o $66,200. o $56,000. o $74,360, o $69,600. c $68,240. Wallace and Simpson formed a partnership with Wallace contributing $92,000 and Simpson contributing $72,000. Their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. Wallace sold one-half of his partnership interest to Prince for $63,000 when his capital balance was $84,000. The partnership would record the admission of Prince into the partnership as: Multiple Choice 0 Debit Wallace, Capital $42,000; credit Prince, Capital $42,000. 0 Debit Wallace, Capital $42,000; debit Cash $21,000; credit Prince, Capital $63,000. 0 ) Debit Wallace, Capital $46,000; credit Prince, Capital $46,000. 0 Deblt Prince, Capital $63,000; credit Wallace, Capital $63,000. 0 Debit Wallace, Capital $63,000; credit Prince, Capital $63,000. Wiggins Company has 2,400 shares of $100 par preferred stock, which were issued at par. It also has 21,000 shares of common stock outstanding, and its total stockholders' equity equals $605,400. The book value per common share is: Multiple Choice $17.40. $25.87. $15.62. $28.83. $100.00. A company borrowed $40,100 cash from the bank and signed a 6-year note at 10% annual interest. The present value of an annuity factor for 6 years at 10% is 4.3553. The present value of a single sum factor for 6 years at 10% is.5645. The annual annuity payments equal: Multiple Choice $71,036.32. . $40,100.00. $22,636.45. $174,647.53. $9,20717. 4920727. A company had average total assets of $950,000. Its gross sales were $1,106,000 and its net sales were $945,000. The company's total asset turnover equals: Multiple Choice Mohr Company purchases a machine at the beginning of the year at a cost of $31,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice O $20,200. O $27,000 O $5,400. O $16,200. $16,200. O $10,800. Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee contributes $306,000. Their partnership agreement calls for a 6% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $208,800 for its first year, what amount of income is credited to North's capital account? Multiple Choice $66,200. $56,000. $74,360. $69,600. $68,240. Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee contributes $306,000. Their partnership agreement calls for a 6% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $208,800 for its first year, what amount of income is credited to North's capital account? Multiple Choice o $66,200. o $56,000. o $74,360, o $69,600. c $68,240. Wallace and Simpson formed a partnership with Wallace contributing $92,000 and Simpson contributing $72,000. Their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. Wallace sold one-half of his partnership interest to Prince for $63,000 when his capital balance was $84,000. The partnership would record the admission of Prince into the partnership as: Multiple Choice 0 Debit Wallace, Capital $42,000; credit Prince, Capital $42,000. 0 Debit Wallace, Capital $42,000; debit Cash $21,000; credit Prince, Capital $63,000. 0 ) Debit Wallace, Capital $46,000; credit Prince, Capital $46,000. 0 Deblt Prince, Capital $63,000; credit Wallace, Capital $63,000. 0 Debit Wallace, Capital $63,000; credit Prince, Capital $63,000

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