Margaret has $5,000 in her checking account, a home with a market value of $175,000, and stocks valued at $10,000. Margaret also has a credit card debt of $15,000. Margaret's liquidity ratio is

When preparing the statement of cash flows using the indirect method, depreciation expense is subtracted from net income under operating activities

Indicate whether the statement is true or false

On January 1, 2017, Toland Sales issued $30,000 in bonds for $22,300

These are eight-year bonds with a stated interest rate of 12% pay semiannual interest. Toland Sales uses the straight-line method to amortize the bond discount. What is the bond carrying amount after the first interest payment on June 30, 2017? (Round your intermediate answers to the nearest dollar.) A) $30,000 B) $18,931 C) $22,781 D) $26,631