5. Increases and decreases in the long-term assets available to a company are reported on the statement of cash flows as A. operating activities B. investing activities C. financing activities. D. both operating and investing activities. 6. Which characteristic wil1 NOT be found in an effective system of internal control? A. A combination of duties B. A separation of duties C. Competent, reliable, and ethical personnel D. Documents and records 7. Which account shows the amount of accounts receivable that the business does not expect to collect? A. Allowance for Uncollectible Accounts B. Uncollectible Accounts Expense C. Sales Returns and Allowances D. Unearned Accounts Receivable 8. On December 1, the G. Baker Corporation purchases $15,000 of equipment by issuing a three month, 12t note payable. The amount of accrued interest on December 31 is A. $1800 B. $ 450 ?. $ 150 D. $0 9. When 1,000 shares of $1 par value common stock are sold at $4.75 per share, paid-in capital in excess of par value-common will A. increase $1,000. B. increase $3,750. C. increase $4,750. D. not be affected