8. In the statement of cash flows, which of the following would be classified as financing activity? Choose ALL that apply (this is an all or nothing question you must correctly choose all correct answers to receive any credit for this question). a. $150,000 issuance of new long-term debt (i.e., issuing new corporate bonds). b. Sale of machinery for $100,000 c. $250,000 purchase of treasury stock. d. $725,000 issuance of new common stock. e. Purchase of inventory for $225,000.

10. Which of the following should be added to net income + depreciation when constructing a statement of cash flows using the indirect method? Choose ALL that apply (this is an all or nothing question you must correctly choose all correct answers to receive any credit for this question). a. Increase in an asset account that is related to an account on the income statement. b. Decrease in an asset account that is related to an account on the income statement. c. Increase in a liability account that is related to an account on the income statement. d. Decrease in a liability account that is related to an account on the income statement. e. None of the above.

11. Which of the following should be subtracted to net income + depreciation when constructing a statement of cash flows using the indirect method? Choose ALL that apply (this is an all or nothing question you must correctly choose all correct answers to receive any credit for this question). a. Increase in an asset account that is related to an account on the income statement. b. Decrease in an asset account that is related to an account on the income statement. c. Increase in a liability account that is related to an account on the income statement. d. Decrease in a liability account that is related to an account on the income statement. e. None