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A100%2BFall+1%2C+2011

During 2011 a 9000 b 3000 28 how much was paid for

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Unformatted text preview: stock $18,000 Land $14,000 $ 22,000 Retained earnings $9,000 $ 61,200 $ 66,200 $ 61,200 2011 $ 4,600 $ 6,000 $ 1,400 $ 20,000 $ 2,200 $ 18,000 $ 14,000 $ 66,200 26 DELETED 27 How much was depreciation expense during 2011? a $9,000 b $3,000 28 How much was paid for utilities if utilities expense was $12,000 during 2011? a $12,600 b $12,200 c $12,000 c $4,500 d $6,000 e None of the above d $11,400 e None of the above 29 How much were investing cash flows if additional land was purchased for $16,000 during 2011 and there was a $1,000 loss on the land sold? a ($9,000) b ($16,000) c ($6,000) d $7,000 e None of the above 30 How much was paid to suppliers during 2011 if cost of goods sold was $51,000? a $52,000 b $53,600 c $52,600 d $55,200 e None of the above 31 What is the company's approximate debt-to-equity ratio at December 31, 2011? a 1.069 b 1.267 c 1.159 d 1.128 e None of the above How much were financing cash flows if net income during 2011 was $18,000? a ($13,000) b $14,000 c ($4,000) d ($17,000) e None of the above How much was paid for insurance if insurance expense was $18,000 during 2011? a $14,000 b $15,000 c $18,000 d $21,000 e None of the above 32 33 34 What was the approximate inventory turnover ratio for 2011 if purchases during the year were $40,000? a 2.41 b 2.25 c 2.61 d 2.44 e None of the above...
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