9. A purchase of new equipment on a note payable under the direct method is reported A. in the operating section of the cash flow statement B. in the investing section of the cash flow statement. C. in the financing section of the cash flow statement D. as a separate disclosure as a non-cash transaction 10. A/ Ans added back to net income in the operating section of an indirect cash flow statement. L. increase in inventory B. increase in accounts receivable C. depreciation D. decrease in accounts payable 11. Hanna Industries has an inventory turnover of 1 1 2 day acc an accounts receivable turnover of 82 days. Hanna's cash cony o ts payable turnover of 73 days, and cycle is A. 121 days C. 9 days D. 43 days 12. Tucker Enterprises Accounts Receivable increased by $48 000, and its Accounts Payable increased by $27,000 What is the net effect on cash from operations under the indirect method? +575,000 B.-$21,000 C.-$75,000 D. -$21000 13. Hallett Industries, Inc reported net sales of $306,000, cost of goods sold of $192,600, operating expenses of $58,900, and income tax expense of 12,300. What is Hallett Industries' net income percentage? A. 17.81 B. 6294 C. 13 79 D. 37.00 4 Cherry Corporations outstandug stock s 100 share of S100 par, I l% cumulative preferred stock and 000 shares of $12 par cousmon stock Cherry paid S1.,600 mn cash dividends during the year No dividends are in arrears Common stockbolders received A. $1,100 B. 52.500 C. $500 D. 50 F11 F12 PrtScn 8 Backspace 6 8