Answer the first 4

8. T F The statement of cash flows is dated the same as the income statement. 9. T F If a bond's stated rate is 9% and the market rate at the time is 8% the bond will be issued at a premium. 10. T F The investing activities section of the statement of cash flows includes paying dividends and making payments on long-term liabilities. 11. T F Treasury Stock is a contra equity account with a normal credit balance 12. T F Gross pay is the total amount of compensation that an employee takes home after the deductions are made