阿摩線上測驗
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阿摩線上測驗
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1. FJUA Corporation produces MP3 players. Income statements and balance sheets for the years
ended December 31, 2020 and 2019, are presented.
.
a. Dividends declared during 2020 were $6000.
b. The market price per share of stock on December 31, 2020, was S14.50.
c. Equipment worth $16,000 was acquired by the issuance of a long-term note ($10,000) and by paying
cash ($6,000).
d. Land was acquired for S6,000 cash.
e. Depreciation was included in operating expenses for 2020.
f. Land was sold at the price of $????, where its original cost is 3,000.
g. Prepaid expense is relative to operating expenses.
h. Interest payments and receipts are classified as operating assets, and dividend payments is classified as
financing activities.
i. Tax payments is classified as operating activities.
Required: