The times interest earned computation is:
A) (Net income + Interest expense + Income taxes) /Interest expense.
B) (Net income + Interest expense - Income taxes) /Interest expense.
C) (Net income - Interest expense - Income taxes) /Interest expense.
D) (Net income - Interest expense + Income taxes) /Interest expense.
E) Interest expense/(Net income + Interest expense + Income taxes expense) .
Correct Answer:
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Q53: On November 1, Carter Company signed a
Q54: Debt guarantees:
A) Are never disclosed in the
Q55: A company had fixed interest expense of
Q56: Contingent liabilities must be recorded if:
A) The
Q57: Short-term notes payable:
A) Can replace an account
Q59: Contingent liabilities can be:
A) Probable.
B) Remote.
C) Possible.
D)
Q60: If the times interest ratio:
A) Increases, then
Q61: The annual Federal Unemployment Tax Return is:
A)
Q62: The current FUTA tax rate is 0.8%,
Q63: Employers:
A) Pay FICA taxes equal to the
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