Question 2 4 pts Jackson Company made an interest payment to the bank. On Jackson Company's statement of cash flows, this would be classified as a(n): operating activity investing activity financing activity either an operating or an investing activity, depending on the amount either an operating or a financing activity, depending on the amount either an investing or a financing activity, depending on the amount this would not appear on the statement of cash flows Question 1 4 pts The accumulated depreciation account is a: contra asset account that has a normal balance of a debit liability account that has a normal balance of a credit contra revenue account that has a normal balance of a credit liability account that has a normal balance of a debit O contra asset account that has a normal balance of a credit O contra revenue account that has a normal balance of a debit d none of the above choices are correct Question 3 4 pts H5rTZ Company's inventory balance at September 30 was hig her using the LIFO method than it would have been had H5rTZ Company used the FIFO method. Assuming there was no beginning inventory, t he month of September was: a period of inflation a period of deflation a period where the cost of purchases was the same throughout the month unable to determine with the information provided Question 4 5 pts On January 1, 2033, N9pAo Company purchased a bulldozer f or $320,000. In order to be able to use the bulldozer, N9pAo Company h ad to spend $64,000 to put it into working condition. The bulldozer was assigned a salvage value of $12,800 and a life of eight years. Assume the double-declining balance method will be used t o depreciate the bulldozer. Calculate the book value of the bulldozer at December 31, 2036