QUESTION 9 Ahern Company recorded the following events for the year just ended Retirement of preferred stock $100,000 Sale of bonds issued by other companies 150,000 Interest paid on notes payable 70,000 Dividends paid to shareholders 180,000 Collection of a loan made to a subsidiary 110,000 90,000 Payment of deferred taxes The net decrease in cash resulting from financing activities for the year was: (Make sure you know what types of activities are listed in the financing activities section of the Statement of Cash Flows) O $70,000 $90,000 O $190,000 $280,000 QUESTION 10 An increase in the Prepaid Insurance account of $12,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as O an addition of $12,000 under financing activities O a deduction of $12,000 under financing activities an addition to net income of $12,000 in order to arrive at net cash provided by operating activities O a deduction from not income of $12,000 in order to arrive at net cash provided by operating activities