question archive Cost of goods sold 180,000 What is net income? A) $120,000

Cost of goods sold 180,000 What is net income? A) $120,000

Subject:AccountingPrice: Bought3

Cost of goods sold 180,000

What is net income?

A) $120,000.                    B) $65,000.                     C) $110,000.                   D) $60,000.

When a firm gets riskier what will happen to its bonds

A) the stated interest rate of the bonds will go down

B) the stated interest rate of the bonds will not change

C) there is no definite answer

D) the stated interest rate of the bonds will go up

For a journal entry with only two lines, the following entry is valid: Decrease in Owners' Equity, Increase in Dividends.

A) False                                                                      B) True

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