QUESTION 7 2 points Save Answer Assume that the Lopez Corporation uses the indirect method to depict cash flows. Indicate where, if at all, long-term debt retired with cash would be reported on the statement of cash flows. A. Operating activities section. B. Does not represent a cash flow. C. Financing activities section. D. Investing activities section. QUESTION 8 2 points Save Answer Which one of the following items is not a consideration when recording periodic depreciation expense on plant assets? A. Salvage value. B. Cost. C. Cash needed to replace the plant asset. D. Estimated useful life. QUESTION 9 2 points Save Answer Grey Company issued $800,000 of 8%, 5-year bonds at 106. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? A. $9,600 B. $73,600 C. $64,000 D. $54,400