If manufacturing overhead is underapplied, then: A. actual manufacturing overhead cost is less than estimated manufacturing overhead cost. B. the amount of manufacturing overhead cost applied to Work in Process is less than the actual manufacturing overhead cost incurred. C. the predetermined overhead rate is too high. D. the Manufacturing Overhead account will have a credit balance at the end of the year.

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.