5. In the statement of cash flows, in which section is the cash payment of income taxes reported?

		A. Operating Activities
		B. Investing Activities
		C. Financing Activities
		D. Schedule of Noncash Transactions
		E. None of the above

6. On March 31, 2020, if the balance in Bonds Payable is $3,000,000 and the balance in Unamortized Premium on Bonds Payable (Premium on Bonds Payable) is $100,000, what is the amount for the carrying value of the bonds at March 31, 2020?

		A. 3,100,000
		B. 3,000,000
		C. 2,900,000
		D. 100,000
		E. None of the above

7. STATEMENT OF CASH FLOW: For Company X, if the beginning inventory is 2,000,000 and the ending inventory is 3,000,000, what is the change in inventory from the beginning of the year until the end of the year?

		A. 3,000,000
		B. 2,000,000
		C. 1,000,000 increase
		D. 1,000,000 decrease
		E. None of the above

8. STATEMENT OF CASH FLOW: Company A has a net income of 1,000,000, depreciation of 500,000, a decrease in accounts receivable of 300,000, and an increase in accounts payable of 100,000. Using the indirect method, what is the amount for net cash flow from operating activities?

		A. 1,900,000
		B. 1,700,000
		C. 1,500,000
		D. 1,100,000
		E. None of the above

9. In which comparison between the market rate and the stated rate are the bonds issued at a discount?

		A. Market rate 10% Stated rate 10%
		B. Market rate 2% Stated rate 10%
		C. Market rate 8% Stated rate 2%
		D. None of the above