The Following Financial Statement Information Is Available for Long Corporation

question 63

Multiple Choice

The following financial statement information is available for Long Corporation: $\begin{array}{lrr}&2017&2016\\\text { Net income } & \$ 115,000 & \$ 80,000 \\\text { Income tax expense } & 30,000 & 29,000 \\\text { Interest expense } & 18,000 & 14,000 \\\text { Dividends paid to preferred } & & \\\quad \text { stockholders } & 22,000 & 20,000\\\text { Dividends paid to preferred }\\\text { stockholders }&15,000&10,000\end{array}$ The times interest earned for 2017 is

• A) 7.4 times.
• B) 6.4 times.
• C) 9.1 times.
• D) 7.8 times.

Examine the impact of distractions and psychological biases on listening effectiveness.

Compare and contrast the terms listening, hearing, and their relationships.

Acknowledge the effect of emotional states on the listening process.

Recognize the importance of memory and attention in the listening process.

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Definitions:

Risk of Loss

The potential that an investment's value may decrease or that a business may suffer losses.

Transit

The movement of people or goods from one location to another, which can involve multiple modes of transportation such as buses, trains, and ships.

Conditional Sales Contract

A sales agreement that grants possession of an asset to the buyer, but withholds legal ownership until all terms have been fulfilled, typically payment in full.

Sale Itself

An actual transaction or agreement where a seller agrees to transfer ownership of goods or property to a buyer for a price.