Question 9 (1 point) Holden Company reports Interest Expense of $325,000 on its 2020 Income Statement. Holden's Balance Sheet does not show balances for Interest Payable or Prepaid Interest. How much Cash did Holden pay for interest in 2020? $300,000 $0 $350,000 $325,000 Question 10 (1 point) Most U.S. companies provide a Direct Method Statement of Cash Flows. True False Question 11 (1 point) If a company prepares an Indirect Method Statement of Cash Flows, which of the following items is not a proper adjustment to net income to arrive at cash flow from operating activities: Adding a decrease in Accounts Receivable Subtracting Gains from Sales of Investments Subtracting Stock Compensation Expense Adding Bad Debt Expense Question 12 (1 point) Holden Company reports Interest Expense of $325,000 on its 2020 Income Statement. Holden's Balance Sheet shows Interest Payable of $30,000 as of 12/31/20 and $50,000 as of 12/31/19. How much Cash did Holden pay for interest in 2020? $305,000 $325,000 $345,000 $405,000