I need help please its a TRUE/FALSE questions.

____ 1. The manner of reporting cash flows from investing and financing activities will be different under the direct method as compared to the indirect method.

____ 2. If the market rate of interest is 8% and a corporation's bonds bear interest at 7%, the bonds will sell at a premium.

____ 3. If the straight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity.

____ 4. The direct method of preparing the operating activities section of the statement of cash flows reports major classes of gross cash receipts and gross cash payments.

____ 5. When you are interpreting financial ratios, it is useful to compare a company's ratios to some form of standard.

____ 6. The acquisition costs of property, plant, and equipment should include all normal, reasonable and necessary costs to get the asset in place and ready for use.

____ 7. If 30,000 shares are authorized, 20,000 shares are issued, and 1,000 shares are held as treasury stock, a cash dividend of $1 per share would amount to $21,000.

____ 8. The day on which the board of directors of the corporation distributes a dividend is called the declaration date.

____ 9. A cash flow per share amount should be reported on the statement of cash flows.

____ 10. When selling a piece of equipment for cash, a loss will result when the proceeds of the sale are less than the book value of the asset.

____ 11. After all noncash assets have been converted to cash and all liabilities paid, A, B, and C have capital balances of $15,000 (credit), $10,000 (debit), and $30,000 (credit). Thus, C's share of the cash to be distributed is $30,000.

____ 12. If the parent company acquires 90% of the outstanding stock of a corporation, the remaining 10% of the subsidiary's stock is owned by outsiders who are referred to as the subsidiary company.

____ 13. The stock dividends distributable account is listed in the Paid-in Capital section of the balance sheet.

____ 14. Factors which reflect the ability of a business to pay its debts and earn a reasonable amount of income are referred to as solvency and profitability.

____ 15. A partnership is subject to federal income taxes.

____ 16. Cash dividends are normally paid on shares of treasury stock.