____ 44. Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in

a.	the cash flows from financing activities section
b.	the cash flows from investing activities section
c.	a separate schedule
d.	the cash flows from operating activities section

____ 45. In regards to the shares of a corporation, which statement is not valid:

a.	authorized shares may be greater than issued shares
b.	issued shares may be greater than outstanding shares
c.	outstanding shares may be greater than authorized, due to any treasury shares held
d.	treasury shares reduce the number of issued shares to determine outstanding shares

____ 46. When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are

a.	convertible bonds
b.	unsecured bonds
c.	debenture bonds
d.	callable bonds

____ 47. The balance in Premium on Bonds Payable

a.	should be reported on the balance sheet as a deduction from the related bonds payable
b.	should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method
c.	would be added to the related bonds payable on the balance sheet
d.	should be reported in the paid-in capital section of the balance sheet

____ 48. The excess of sales price of treasury stock over its cost should be credited to

a.	Treasury Stock Receivable
b.	Premium on Capital Stock
c.	Paid-In Capital from Sale of Treasury Stock
d.	Income from Sale of Treasury Stock

____ 49. A corporation issues for cash $8,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received for the bonds will be

a.	present value of 60 semiannual interest payments of $320,000, plus present value of $8,000,000 to be repaid in 30 years
b.	present value of 30 annual interest payments of $640,000
c.	present value of 30 annual interest payments of $640,000, plus present value of $8,000,000 to be repaid in 30 years
d.	present value of $8,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of $320,000