Multiple choice (5 pts each) (highlight or clearly mark your answer) On the ________, cash dividends become a liability of a corporation.

If the current market price is $15 on March 31, 2015, find the price/earnings ratio on March 31, 2015.

The Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015:

Sales Revenue, $515,000

Accounts Receivable, beginning balance, $92,000

Accounts Receivable, ending balance, $57,000

Accounts Payable, beginning balance, $43,000

Accounts Payable, ending balance, $27,500

In the operating activities section of the statement of cash flows, what amount will be shown for collections from customers?

Trek Company signed a 9%, 10-year note for $150,000. The company paid $1,900 as the installment for the first month. After the first payment, what is the updated principal balance?

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