Balance Sheet and Income Statement Data Indicate the Following Based on the Data Presented Above,what Is the Number of

question 12

Multiple Choice

Balance sheet and income statement data indicate the following: $\begin{array}{l}\begin{array}{lll}\text { Bonds payable,6 \% due in 15 years } \\\text { Preferred 8 \% stock,\$ 100 par } \\ \text { no change during the year } \\\text { Common stock, \$ 50 par } \\\text { no change during the year } \\\text { Income before income tax for year } \\\text { Income tax for year } \\\text { Common dividends paid } \\\text { Preferred dividends paid }\\\end{array}\begin{array}{lll} \$1,200,000\\\\200,000\\\\1,000,000 \\320,000\\80,000 \\60,000 \\16,000\end{array}\end{array}$
Based on the data presented above,what is the number of times bond interest charges were earned round to two decimal places?

• A)5.00
• B)5.44
• C)4.00
• D)4.33

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Definitions:

Skill-Based Pay

Rewards employees for acquiring new skills.

Scheduling Tasks

Scheduling tasks involves organizing tasks and activities by allocating time slots and resources, often to increase efficiency and productivity.

Cafeteria-Style Benefits

Employee benefit plans that allow workers to choose from a variety of pre-tax benefit options to create a package that best suits their needs.

Increased Satisfaction

The improvement of contentment and happiness levels among individuals or groups, often used in the context of employees within organizations.