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On April 15, Gold Co. issued a $70,000, 6%, 90-day note payable to Silver Co. How much will Gold Co. have to pay at maturity? (Assume 360 days in a year.)

As interest is recorded on an interest-bearing note, the Interest Expense account is _____.

A fixed asset with a cost of $15,000 and accumulated depreciation of $13,500 is sold for $1,750. What is the amount of gain or loss on disposal of the fixed asset?

On which of the following dates does a company incur liability for a dividend?

If a revenue expenditure is treated as a capital expenditure, then _____.

Dividing estimated total factory overhead costs by estimated activity base will give the _____.

Which of the following is most likely a period cost?

A corporation has 60,000 shares of $90 par value stock outstanding, with a current market value of $150. If the corporation issues a 3-for-1 stock split, the market value of the stock will fall to approximately _____.

An employee receives an hourly rate of $23, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $355; cumulative earnings for year prior to current week, $95,766; social security tax rate, 6.0% on maximum of $101,405; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer.

An employee receives an hourly rate of $30, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 52; federal income tax withheld, $300; cumulative earnings for year prior to current week, $90,700; Social Security tax rate, 6.0% on maximum of $106,800; and Medicare tax rate, 1.5% on all earnings. What is the net pay for the employee?