Question 5 1 pts Which section of the statement of cash flows would be impacted by this transaction and what is the direction of its effect on Cash (inflow, outflow)? If the transaction has no effect on cash flow, indicate "None." O = Operating, I = Investing, F = Financing, In = inflow of cash, Out = outflow of cash, None = No effect on cash For example, "declared and paid dividends to shareholders" is a financing activity and uses cash. The correct answer would be F, Out Repaid principal balance on a note payable . O, In . I, Out OF, In . None . O, Out o I, In OF, Out Question 6 1 pts Describe how (Add, Subtract, of None) the transaction below would appear on the Reconciliation of Net Income with Operating Cash Flows in the indirect method Statement of Operating Cash Flows. For example, "Depreciation Expense" would be added back to Net Income on the statement and the correct answer would be Add. Increase in Accounts Receivable Add . None Subtract Question 7 1 pts Describe how (Add, Subtract, of None) the transaction below would appear on the Reconciliation of Net Income with Operating Cash Flows in the indirect method Statement of Operating Cash Flows. For example, "Depreciation Expense" would be added back to Net Income on the statement and the correct answer would be Add. Gain on Sale of Equipment . None . Subtract AddQuestion B 1 pts Describe how (Add, Subtract, or Non e) the transaction below would appear on the Reconciliation ot Net Income with Operating Cash Flows in the indirect method Statement of Operating Cash Flows. For example, "Depreciation Expense" would be added back to Net Income on the statement and the correct answer would be Add. Decrease in Long-Term Investments 0 Add 0 None 0 Subtract Question 9 2 pts In 2009 XYZ Company reported Net Income of $500,000 (included in Net Income are depreciation expense of $25,000 and a gain on the sale of Land of $5,000). During 2009, the accounts receivable balance decreased by 30,000 and account payable balance increased by $50,000. Assuming no other data is needed, the net cash from operating activities for 2009 was? 0 600.000 0 610.000 0 None ofthese options are correct 0 500.000 0 540.000