6. Which is not included in paid-in capital? A. Additional Paid-in Capital B. Preferred Stock C. Cash D. Common Stock 7. A business's Accounts Payable balance has decreased during the year. How would this affect the statement of cash flows operations section under the indirect method? A. It is already included in the net income. B. It would be subtracted from net income. C. It does not affect the cash flow from operations. D. It would be added back to net income. 8. Tucker Enterprises' Accounts Receivable increased by $48,000, and its Accounts Payable increased by S27,000. What is the net effect on cash from operations under the indirect method? A. -$21,000 B. +$21,000 C.-$75,000 D. +$75,000 9. Haskins, Inc. sells 1,000 shares of $12 par common stock for $20 per share. The joumal entry is A. debit Cash $20,000; credit Common Stock $12,000; credit Paid-In Capital in Excess of Par-Common Stock $8,000 B. debit Cash $20,000; credit Common Stock $20,000 C. debit Cash $12,000; debit Paid-In Capital in Excess of Par-Common $8,000, credit Common Stock $20,000 D. debit Cash $12,000; credit Common Stock $12,000 10. On the income statement, extraordinary items are reported A. net of income tax or net of income tax savings. B. immediately before the discontinued operations section. C. immediately after the continuing operations section. D. before the operating income section. 11. Knutson Company reacquired 5,000 shares of its $15-par common stock for S13/share. The debit to Treasury Stock is A. $10,000 B. $75,000 C. $8,000 D. $65,000 12. The following information applied to Advanced Industries, Inc. for 2014 ngs/share $17.68